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

discoverIE Group plc (LON:DSCV) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 875.83.

DSCV has been the topic of several research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research note on Thursday, April 23rd. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Stifel Nicolaus restated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research note on Monday, April 20th.

discoverIE Group Price Performance

Shares of LON:DSCV opened at GBX 680 on Tuesday. The company’s fifty day moving average price is GBX 600.05 and its 200 day moving average price is GBX 603.31. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 754. The company has a debt-to-equity ratio of 83.72, a current ratio of 1.48 and a quick ratio of 0.96. The firm has a market capitalization of £660.42 million, a P/E ratio of 25.86 and a beta of 1.19.

Insider Buying and Selling

In other discoverIE Group news, insider Clive Watson acquired 200 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of GBX 640 per share, for a total transaction of £1,280. Corporate insiders own 3.70% of the company’s stock.

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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.