discoverIE Group (LON:DSCV) Given New GBX 1,000 Price Target at Deutsche Bank Aktiengesellschaft

discoverIE Group (LON:DSCV) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 940 to GBX 1,000 in a report issued on Thursday, Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 20.77% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, July 24th. Berenberg Bank boosted their target price on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 916.88.

discoverIE Group Stock Down 4.3%

Shares of LON:DSCV opened at GBX 828 on Thursday. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 917. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The firm’s 50-day simple moving average is GBX 809.63 and its 200-day simple moving average is GBX 724.83. The company has a market cap of £795.93 million, a price-to-earnings ratio of 28.16 and a beta of 1.29.

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.