discoverIE Group plc (LON:DSCV) Receives Average Rating of “Moderate Buy” from Brokerages

discoverIE Group plc (LON:DSCV) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 879.29.

Several research firms have weighed in on DSCV. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a research report on Thursday, June 4th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, April 17th. Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a research report on Tuesday, June 23rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th.

discoverIE Group Trading Up 0.4%

Shares of DSCV stock opened at GBX 679 on Wednesday. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 800. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The firm’s 50 day moving average is GBX 696.67 and its 200 day moving average is GBX 635.63. The stock has a market capitalization of £659.45 million, a P/E ratio of 23.10 and a beta of 1.23.

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