discoverIE Group’s (DSCV) “Buy” Rating Reiterated at Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 1,050 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 39.14% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Peel Hunt restated a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday. Jefferies Financial Group restated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research note on Thursday, June 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, April 17th. Finally, Royal Bank Of Canada lowered shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a research note on Friday, June 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 894.38.

discoverIE Group Stock Up 2.1%

Shares of discoverIE Group stock opened at GBX 754.64 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The firm has a market cap of £725.41 million, a P/E ratio of 25.67 and a beta of 1.28. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 800. The business has a 50-day moving average price of GBX 702.07 and a 200 day moving average price of GBX 645.63.

discoverIE Group (LON:DSCV) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The firm had revenue of £443.30 million for the quarter. On average, sell-side analysts forecast that discoverIE Group will post 37.5 earnings per share for the current fiscal year.

About discoverIE Group

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.