discoverIE Group plc (LON:DSCV) Receives Average Rating of “Moderate Buy” from Brokerages

discoverIE Group plc (LON:DSCV) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 894.38.

A number of research analysts have recently issued reports on DSCV shares. Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a research report on Friday, June 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research note on Tuesday, June 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 1,050 price objective on shares of discoverIE Group in a research note on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research report on Thursday, June 4th.

discoverIE Group Stock Performance

DSCV opened at GBX 771 on Monday. 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 company’s fifty day moving average price is GBX 769.42 and its two-hundred day moving average price is GBX 690.35. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 840. The company has a market cap of £741.14 million, a price-to-earnings ratio of 26.22 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.