discoverIE Group plc (LON:DSCV) Stock Has Consensus Price Target of GBX 916.88 According to Analysts

Shares of discoverIE Group plc (LON:DSCV) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 916.88.

Several analysts have issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Thursday, October 15th. Berenberg Bank raised their price target on shares of discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, October 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on discoverIE Group from GBX 940 to GBX 1,000 and gave the stock a “buy” rating in a research report on Thursday, October 15th.

discoverIE Group Price Performance

DSCV stock opened at GBX 824 on Tuesday. The firm has a 50 day moving average of GBX 814.64 and a 200-day moving average of GBX 703.72. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 917. The firm has a market capitalization of £792.09 million, a P/E ratio of 28.03 and a beta of 1.29.

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.