discoverIE Group’s (DSCV) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of discoverIE Group (LON:DSCVFree Report) in a research note published on Friday morning, Marketbeat.com reports. They currently have a GBX 950 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Shore Capital restated a “buy” rating and issued a GBX 750 price objective on shares of discoverIE Group in a report on Tuesday, December 2nd. JPMorgan Chase & Co. restated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded discoverIE Group to a “buy” rating and lifted their price objective for the company from GBX 735 to GBX 850 in a research note on Monday, December 1st. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, discoverIE Group has a consensus rating of “Buy” and an average target price of GBX 830.

View Our Latest Stock Report on DSCV

discoverIE Group Trading Up 0.8%

Shares of discoverIE Group stock opened at GBX 610 on Friday. The stock has a fifty day moving average price of GBX 586.63 and a 200-day moving average price of GBX 629.26. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The firm has a market cap of £586.34 million, a PE ratio of 23.19 and a beta of 1.09. discoverIE Group has a 1 year low of GBX 472.50 and a 1 year high of GBX 754.

discoverIE Group (LON:DSCVGet Free Report) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 19.50 EPS for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Equities research analysts anticipate that discoverIE Group will post 37.5 EPS for the current year.

About discoverIE Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for discoverIE Group (LON:DSCV)

Receive News & Ratings for discoverIE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for discoverIE Group and related companies with MarketBeat.com's FREE daily email newsletter.