discoverIE Group’s (DSCV) “Hold” Rating Reaffirmed at Jefferies Financial Group

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 685 price objective on the stock. Jefferies Financial Group’s price target points to a potential downside of 11.95% from the company’s current price.

Several other research analysts have also recently weighed in on DSCV. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a report on Monday, April 20th. Shore Capital Group reissued a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 950 target price on shares of discoverIE Group in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 875.83.

discoverIE Group Trading Down 1.0%

discoverIE Group stock opened at GBX 778 on Thursday. The stock has a market cap of £755.60 million, a P/E ratio of 29.58 and a beta of 1.19. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 800. The firm’s fifty day moving average price is GBX 646.47 and its 200-day moving average price is GBX 619.94. The company has a debt-to-equity ratio of 83.72, a quick ratio of 0.96 and a current ratio of 1.48.

discoverIE Group (LON:DSCV) last released its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share for the quarter. The firm had revenue of £443.30 million for the quarter. discoverIE Group had a net margin of 6.05% and a return on equity of 8.34%. Equities research analysts forecast 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.