discoverIE Group (LON:DSCV) Stock Price Target Raised at Berenberg Bank

discoverIE Group (LON:DSCV) had its price target lifted by equities researchers at Berenberg Bank from GBX 1,050 to GBX 1,100 in a research report issued on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 33.01% from the stock’s previous close.

A number of other brokerages also recently issued reports on DSCV. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a report on Tuesday, June 23rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 900.62.

discoverIE Group Stock Performance

LON:DSCV opened at GBX 827 on Thursday. The firm has a market capitalization of £794.97 million, a PE ratio of 28.13 and a beta of 1.29. The business’s fifty day moving average price is GBX 809.63 and its 200 day moving average price is GBX 724.83. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 917.

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.