discoverIE Group (LON:DSCV) Given “Buy” Rating at Peel Hunt

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 1,000 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 33.69% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday, April 17th. Berenberg Bank increased their price target on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada cut shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price objective on the stock. in a research report on Friday, June 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 894.38.

discoverIE Group Stock Performance

DSCV traded up GBX 53 during midday trading on Friday, reaching GBX 748. The company had a trading volume of 855,053 shares, compared to its average volume of 1,161,642. The business has a 50-day moving average of GBX 700.71 and a two-hundred day moving average of GBX 644.61. The company has a market cap of £719.03 million, a P/E ratio of 25.44 and a beta of 1.28. discoverIE Group has a 1 year low of GBX 505 and a 1 year high of GBX 800. 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 (LON:DSCV) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The business had revenue of £443.30 million for the quarter. As a group, equities research analysts predict 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.