discoverIE Group (LON:DSCV) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of discoverIE Group (LON:DSCVFree 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%

Shares of DSCV stock traded down GBX 10 during mid-day trading on Monday, reaching GBX 585. 286,855 shares of the company were exchanged, compared to its average volume of 302,419. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55. The business’s 50 day simple moving average is GBX 586.03 and its 200 day simple moving average is GBX 629.47. The company has a market capitalization of £561.93 million, a P/E ratio of 23.40 and a beta of 1.09. discoverIE Group has a fifty-two week low of GBX 472.50 and a fifty-two week high of GBX 754.

discoverIE Group (LON:DSCVGet 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

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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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Analyst Recommendations for discoverIE Group (LON:DSCV)

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