Berenberg Bank Initiates Coverage on Discoverie Group (DSCV)
Berenberg Bank began coverage on shares of Discoverie Group (LON:DSCV) in a note issued to investors on Thursday. The firm set a “buy” rating and a GBX 525 ($6.77) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 28.05% from the company’s previous close.
Several other equities analysts also recently issued reports on the stock. Peel Hunt reissued a “buy” rating on shares of Discoverie Group in a report on Thursday, July 26th. Numis Securities reissued an “add” rating and set a GBX 500 ($6.45) price target (up from GBX 455 ($5.87)) on shares of Discoverie Group in a report on Wednesday, June 6th. Finally, FinnCap raised their price objective on shares of Discoverie Group from GBX 456 ($5.88) to GBX 487 ($6.28) and gave the company a “corporate” rating in a research report on Tuesday, June 5th.
Shares of DSCV stock opened at GBX 410 ($5.29) on Thursday. Discoverie Group has a 12-month low of GBX 215 ($2.77) and a 12-month high of GBX 401 ($5.17).
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. The company operates through two divisions, Design & Manufacturing and Custom Supply. It offers RF and MW components, fiber optic components, and wireless modules; cabling and assemblies, advanced connectors, and EMC shielding and thermal management products; IR thermal imagers, high speed cameras, modules, and imaging software; and magnetic components, power solutions, and thermal interface products.
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