discoverIE Group (LON:DSCV) Price Target Raised to GBX 1,000

discoverIE Group (LON:DSCV) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 940 to GBX 1,000 in a report released on Thursday,Digital Look reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on DSCV. Jefferies Financial Group restated a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a report on Thursday. Berenberg Bank lifted their price target on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 916.88.

discoverIE Group Trading Up 0.9%

discoverIE Group stock opened at GBX 822 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The business’s fifty day simple moving average is GBX 809.07 and its two-hundred day simple moving average is GBX 727.52. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 917. The company has a market capitalization of £790.16 million, a price-to-earnings ratio of 27.96 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.