discoverIE Group plc (LON:DSCV) Stock Has Average Price Target of GBX 894.38 According to Brokerages

Shares of discoverIE Group plc (LON:DSCV) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 894.38.

DSCV has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a report on Tuesday, June 23rd. Berenberg Bank restated a “buy” rating and set a GBX 1,050 target price on shares of discoverIE Group in a research report on Monday, July 27th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a report on Friday, July 24th.

discoverIE Group Price Performance

LON:DSCV opened at GBX 874 on Friday. discoverIE Group has a 52 week low of GBX 505 and a 52 week high of GBX 900. The firm has a market cap of £840.15 million, a price-to-earnings ratio of 29.73 and a beta of 1.29. The firm’s 50-day simple moving average is GBX 804.43 and its 200 day simple moving average is GBX 717.82. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45.

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.