Jefferies Financial Group Reaffirms Hold Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 685 price target on the stock. Jefferies Financial Group’s target price points to a potential downside of 15.95% from the company’s previous close.

DSCV has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research note on Tuesday, June 23rd. Peel Hunt restated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday, July 24th. Finally, Berenberg Bank increased their target price on shares of discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 916.88.

discoverIE Group Price Performance

Shares of LON:DSCV traded down GBX 50 on Thursday, reaching GBX 815. 6,088,829 shares of the company were exchanged, compared to its average volume of 995,446. The company has a 50-day moving average of GBX 809.63 and a 200-day moving average of GBX 724.83. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The firm has a market cap of £783.44 million, a price-to-earnings ratio of 27.72 and a beta of 1.29. discoverIE Group has a 1-year low of GBX 505 and a 1-year 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.