discoverIE Group (LON:DSCV) Earns Buy Rating from Peel Hunt

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued on Friday,Digital Look reports. They presently have a GBX 1,000 price objective on the stock. Peel Hunt’s price target indicates a potential upside of 35.32% from the company’s current price.

A number of other equities analysts have also issued reports on DSCV. Jefferies Financial Group reiterated a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research report on Thursday, June 4th. Stifel Nicolaus restated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, April 17th. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 price objective on the stock. in a report on Friday, June 5th. Berenberg Bank increased their price objective on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a research note on Tuesday, June 23rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, discoverIE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 894.38.

discoverIE Group Price Performance

LON DSCV opened at GBX 739 on Friday. The stock’s 50-day moving average price is GBX 702.07 and its two-hundred day moving average price is GBX 645.27. The company has a market cap of £710.38 million, a PE ratio of 25.14 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. discoverIE Group has a 1 year low of GBX 505 and a 1 year high of GBX 800.

discoverIE Group (LON:DSCV) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. The firm had revenue of £443.30 million for the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. On average, analysts predict 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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.