JPMorgan Chase & Co. Reaffirms Buy Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 1,000 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 65.29% from the company’s current price.

DSCV has been the topic of a number of other research reports. Shore Capital reaffirmed a “hold” rating and set a GBX 750 price target on shares of discoverIE Group in a report on Tuesday, October 14th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price objective on shares of discoverIE Group in a report on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, discoverIE Group has a consensus rating of “Buy” and an average target price of GBX 830.

discoverIE Group Stock Performance

discoverIE Group stock opened at GBX 605 on Wednesday. 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 12 month low of GBX 472.50 and a 12 month high of GBX 754. The company has a fifty day moving average price of GBX 586.25 and a two-hundred day moving average price of GBX 628.99. The company has a market cap of £581.14 million, a PE ratio of 24.20 and a beta of 1.09.

discoverIE Group (LON:DSCV) last issued its earnings results on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Research analysts expect that discoverIE Group will post 37.5 earnings per share for the current 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.