Royal Bank Of Canada Downgrades discoverIE Group (LON:DSCV) to Sector perform

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

Several other analysts have also commented on DSCV. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research report on Thursday, April 23rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a research note on Monday, April 20th. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday, April 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 865.

discoverIE Group Stock Down 2.6%

DSCV stock opened at GBX 754 on Friday. The firm has a market cap of £732.29 million, a PE ratio of 28.67 and a beta of 1.19. 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 firm’s 50 day moving average price is GBX 651.07 and its 200-day moving average price is GBX 621.40. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 800.

discoverIE Group (LON:DSCV) last released its quarterly earnings results 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, equities research analysts anticipate that discoverIE Group will post 37.5 EPS 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.