Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Tuesday,Digital Look reports. They presently have a GBX 870 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 24.58% from the company’s current price.

Several other research analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research note on Thursday, June 4th. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Berenberg Bank increased their price objective on shares of discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Royal Bank Of Canada cut shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a research note on Friday, June 5th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 879.29.

discoverIE Group Stock Down 2.7%

DSCV traded down GBX 19.63 during trading on Tuesday, hitting GBX 698.37. The stock had a trading volume of 84,397 shares, compared to its average volume of 1,216,629. The stock has a 50 day simple moving average of GBX 688.06 and a two-hundred day simple moving average of GBX 632.27. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. discoverIE Group has a twelve month low of GBX 505 and a twelve month high of GBX 800. The company has a market capitalization of £678.27 million, a PE ratio of 23.75 and a beta of 1.23.

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

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.