Brokerages Set discoverIE Group plc (LON:DSCV) PT at GBX 879.29

discoverIE Group plc (LON:DSCV) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 879.29.

DSCV has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, April 17th. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a report on Friday, June 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research report on Thursday, June 4th. Finally, Berenberg Bank raised their price objective on shares of discoverIE Group from GBX 950 to GBX 1,050 and gave the stock a “buy” rating in a research note on Friday, June 5th.

discoverIE Group Trading Down 1.6%

Shares of LON DSCV opened at GBX 630 on Wednesday. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 800. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. The business’s 50 day moving average is GBX 698.43 and its two-hundred day moving average is GBX 638.35. The stock has a market capitalization of £605.60 million, a P/E ratio of 21.43 and a beta of 1.28.

discoverIE Group (LON:DSCV) last announced its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. The firm had revenue of £443.30 million during the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%. As a group, research analysts expect that discoverIE Group will post 37.5 EPS for the current year.

discoverIE Group Company Profile

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial use. The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally, with a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation, security, and industrial & connectivity.

The Group employs c.4,500 people across 20 countries. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.