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

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 685 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 17.17% from the stock’s current price.

Several other research analysts have also recently issued reports on DSCV. Peel Hunt reissued a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research report on Tuesday, June 23rd. Finally, Berenberg Bank lifted their price objective on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday. Six 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 900.62.

discoverIE Group Stock Down 4.4%

Shares of LON:DSCV opened at GBX 827 on Thursday. The company has a market cap of £794.97 million, a price-to-earnings ratio of 28.13 and a beta of 1.29. 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 quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 917.

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.