discoverIE Group (LON:DSCV) Sets New 1-Year High – Time to Buy?

discoverIE Group plc (LON:DSCVGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 756 and last traded at GBX 750, with a volume of 4793 shares traded. The stock had previously closed at GBX 738.

Analyst Upgrades and Downgrades

DSCV has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research note on Monday, April 20th. Berenberg Bank reissued a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research note on Thursday, April 23rd. Shore Capital Group reissued a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Jefferies Financial Group reissued a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 875.83.

Get Our Latest Stock Report on DSCV

discoverIE Group Price Performance

The company has a debt-to-equity ratio of 83.72, a quick ratio of 0.96 and a current ratio of 1.48. The stock has a market capitalization of £728.66 million, a price-to-earnings ratio of 28.53 and a beta of 1.19. The company has a 50-day moving average of GBX 620.12 and a 200-day moving average of GBX 611.08.

discoverIE Group Company Profile

(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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.

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