discoverIE Group (LON:DSCV) Lowered to “Sector perform” Rating by Royal Bank Of Canada

discoverIE Group (LON:DSCV) was downgraded by equities research analysts at Royal Bank Of Canada to a “sector perform” rating in a research note issued on Friday,Digital Look reports. They currently have a GBX 800 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 6.10% from the stock’s current price.

DSCV has been the topic of a number of other reports. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday, April 17th. Berenberg Bank restated a “buy” rating and set a GBX 950 target price on shares of discoverIE Group in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 870 target price on shares of discoverIE Group in a research report on Monday, April 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research report on Thursday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, discoverIE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 865.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 754 on Friday. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 800. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. The company has a market capitalization of £732.29 million, a P/E ratio of 28.67 and a beta of 1.19. The business’s 50-day moving average is GBX 651.07 and its two-hundred day moving average is GBX 621.40.

discoverIE Group (LON:DSCV) last posted its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The firm had revenue of £443.30 million for the quarter. Research analysts predict that discoverIE Group will post 37.5 earnings per share for the current 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.