discoverIE Group (LON:DSCV) Earns “Buy” Rating from Shore Capital

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by Shore Capital in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 750 price target on the stock. Shore Capital’s price objective would indicate a potential upside of 28.21% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price objective on shares of discoverIE Group in a report on Wednesday, September 10th. JPMorgan Chase & Co. restated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 825.

discoverIE Group Stock Performance

DSCV traded down GBX 10 on Tuesday, hitting GBX 585. The company had a trading volume of 286,855 shares, compared to its average volume of 302,419. discoverIE Group has a 1-year low of GBX 472.50 and a 1-year high of GBX 754. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The company’s fifty day moving average price is GBX 586.03 and its 200 day moving average price is GBX 629.47. The stock has a market cap of £561.93 million, a price-to-earnings ratio of 23.40 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%. Equities analysts predict 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.