discoverIE Group plc (LON:DSCV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of discoverIE Group plc (LON:DSCV) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 879.29.

Several equities research analysts recently weighed in on DSCV shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research report on Tuesday, June 23rd. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Royal Bank Of Canada cut shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price on the stock. in a report on Friday, June 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a report on Friday, April 17th.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 679 on Wednesday. The company has a market capitalization of £659.45 million, a P/E ratio of 23.10 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The firm has a 50 day moving average of GBX 696.67 and a 200 day moving average of GBX 635.63. discoverIE Group has a twelve month low of GBX 505 and a twelve month high of GBX 800.

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