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

Shares of discoverIE Group plc (LON:DSCV) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 894.38.

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

discoverIE Group Stock Up 1.4%

DSCV stock opened at GBX 812.34 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 company’s 50-day moving average price is GBX 733.43 and its 200 day moving average price is GBX 674.42. discoverIE Group has a 52 week low of GBX 505 and a 52 week high of GBX 840. The company has a market cap of £780.88 million, a P/E ratio of 27.63 and a beta of 1.29.

discoverIE Group (LON:DSCV) last issued its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. The company had revenue of £443.30 million during the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. On average, research analysts expect that discoverIE Group will post 37.5 earnings per share for the current fiscal year.

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.