discoverIE Group’s (DSCV) Buy Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of discoverIE Group (LON:DSCV) in a research report released on Friday,Digital Look reports. Peel Hunt currently has a GBX 1,000 price target on the stock.

DSCV has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a report on Tuesday, June 23rd. Royal Bank Of Canada cut shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a research note on Friday, June 5th. Berenberg Bank lifted their price target on shares of discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a report on Friday, June 5th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 894.38.

discoverIE Group Stock Performance

Shares of discoverIE Group stock opened at GBX 739 on Friday. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 800. The company’s fifty day simple moving average is GBX 702.07 and its 200-day simple moving average is GBX 645.63. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. The stock has a market capitalization of £710.38 million, a PE ratio of 25.14 and a beta of 1.28.

discoverIE Group (LON:DSCV) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. The company had revenue of £443.30 million during the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%. As a group, equities analysts anticipate 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.