Bruce Thompson Acquires 15,000 Shares of discoverIE Group (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Bruce Thompson purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of GBX 605 per share, for a total transaction of £90,750.

discoverIE Group Stock Down 1.2%

Shares of DSCV traded down GBX 7 during mid-day trading on Thursday, hitting GBX 587. 4,578,051 shares of the company’s stock were exchanged, compared to its average volume of 327,556. The stock has a market cap of £564.23 million, a price-to-earnings ratio of 22.32 and a beta of 1.09. The firm has a fifty day moving average of GBX 586.38 and a two-hundred day moving average of GBX 629. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88. discoverIE Group plc has a twelve month low of GBX 472.50 and a twelve month high of GBX 754.

discoverIE Group (LON:DSCV) last released its earnings results 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%. On average, sell-side analysts forecast that discoverIE Group plc will post 37.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of discoverIE Group to a “buy” rating and upped their target price for the stock from GBX 735 to GBX 850 in a report on Monday, December 1st. Shore Capital reaffirmed a “buy” rating and set a GBX 750 price target on shares of discoverIE Group in a research note on Tuesday, December 2nd. Berenberg Bank restated a “buy” rating and set a GBX 950 target price on shares of discoverIE Group in a research report on Friday, December 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, discoverIE Group currently has an average rating of “Buy” and an average price target of GBX 830.

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.