discoverIE Group plc (LON:DSCV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of discoverIE Group plc (LON:DSCV) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 879.29.

A number of equities research analysts have weighed in on DSCV shares. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a report on Friday. Berenberg Bank increased their target price on discoverIE Group from GBX 950 to GBX 1,050 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th.

discoverIE Group Stock Performance

Shares of LON:DSCV opened at GBX 713 on Friday. The company has a market cap of £692.47 million, a P/E ratio of 27.11 and a beta of 1.23. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 800. The business’s 50-day simple moving average is GBX 654.35 and its 200 day simple moving average is GBX 622.04.

discoverIE Group (LON:DSCV) last announced its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. The business had revenue of £443.30 million for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%. On average, sell-side analysts forecast that discoverIE Group will post 37.5 earnings per share for the current fiscal 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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.