discoverIE Group (LON:DSCV) Given “Buy” Rating at Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 950 ($12.57) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 66.52% from the company’s current price.

DSCV has been the topic of a number of other research reports. Royal Bank of Canada raised discoverIE Group to an “outperform” rating and cut their price objective for the stock from GBX 690 ($9.13) to GBX 600 ($7.94) in a research report on Tuesday. Shore Capital raised discoverIE Group to a “buy” rating in a research report on Wednesday.

discoverIE Group Stock Up 1.9 %

Shares of LON:DSCV opened at GBX 570.49 ($7.55) on Wednesday. The firm has a market capitalization of £552.97 million, a PE ratio of 35.63 and a beta of 1.09. discoverIE Group has a 1 year low of GBX 472.50 ($6.25) and a 1 year high of GBX 788 ($10.43). The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The firm’s 50-day moving average is GBX 552.46 and its two-hundred day moving average is GBX 624.02.

Insider Activity at discoverIE Group

In related news, insider Clive Watson acquired 175 shares of discoverIE Group stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of GBX 608 ($8.05) per share, for a total transaction of £1,064 ($1,408.34). Also, insider Bruce Thompson purchased 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of GBX 544 ($7.20) per share, for a total transaction of £65,280 ($86,406.35). Insiders have acquired 17,175 shares of company stock valued at $9,349,400 over the last quarter. 4.50% of the stock is owned by insiders.

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 and industrial & connectivity.

The Group employs c.4,500 people across 20 countries.