Simon Gibbins Acquires 2,601 Shares of discoverIE Group (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 2,601 shares of the business’s stock in a transaction on Monday, January 26th. The stock was bought at an average price of GBX 623 per share, for a total transaction of £16,204.23.

discoverIE Group Stock Down 2.2%

discoverIE Group stock opened at GBX 634 on Friday. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55. discoverIE Group plc has a one year low of GBX 472.50 and a one year high of GBX 754. The company has a 50-day simple moving average of GBX 602.50 and a 200-day simple moving average of GBX 613.43. The firm has a market capitalization of £615.75 million, a P/E ratio of 24.11 and a beta of 1.09.

discoverIE Group (LON:DSCV) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. As a group, equities analysts expect that discoverIE Group plc will post 37.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DSCV shares. Shore Capital restated a “buy” rating and issued a GBX 750 target price on shares of discoverIE Group in a research report on Tuesday, December 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a report on Friday, December 5th. JPMorgan Chase & Co. restated a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of discoverIE Group to a “buy” rating and upped their price objective for the stock from GBX 735 to GBX 850 in a report on Monday, December 1st. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, discoverIE Group presently has a consensus rating of “Buy” and an average price target of GBX 830.

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.