Berenberg Bank reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV – Free 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%
discoverIE Group (LON:DSCV – Get 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
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.
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