Deutsche Bank Aktiengesellschaft upgraded shares of discoverIE Group (LON:DSCV – Free Report) to a buy rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has GBX 850 target price on the stock, up from their previous target price of GBX 735.
A number of other research firms also recently commented on DSCV. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price target on shares of discoverIE Group in a report on Wednesday, September 10th. Finally, Shore Capital reiterated a “buy” rating and set a GBX 750 price objective on shares of discoverIE Group in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, discoverIE Group has an average rating of “Buy” and an average target price of GBX 830.
View Our Latest Report on DSCV
discoverIE Group Stock Down 1.7%
discoverIE Group (LON:DSCV – Get Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Research analysts predict that discoverIE Group will post 37.5 earnings per share for the current year.
About discoverIE Group
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.
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