discoverIE Group’s (DSCV) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. Shore Capital currently has a GBX 750 target price on the stock.

A number of other research analysts have also commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a report on Wednesday, September 10th. JPMorgan Chase & Co. reiterated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 830.

discoverIE Group Stock Up 3.4%

DSCV stock opened at GBX 605 on Tuesday. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. discoverIE Group has a 52-week low of GBX 472.50 and a 52-week high of GBX 754. The company has a 50-day moving average of GBX 586.25 and a two-hundred day moving average of GBX 628.99. The stock has a market capitalization of £581.14 million, a price-to-earnings ratio of 24.20 and a beta of 1.09.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 EPS for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. As a group, equities research analysts anticipate that discoverIE Group will post 37.5 EPS 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.