Berenberg Bank Increases discoverIE Group (LON:DSCV) Price Target to GBX 1,050

discoverIE Group (LON:DSCV) had its target price upped by analysts at Berenberg Bank from GBX 950 to GBX 1,050 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 39.26% from the stock’s current price.

A number of other brokerages have also recently commented on DSCV. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Royal Bank Of Canada cut discoverIE Group to a “sector perform” rating and set a GBX 800 price target for the company. in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a research note on Monday, April 20th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, discoverIE Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 879.29.

discoverIE Group Trading Down 2.6%

Shares of DSCV stock opened at GBX 754 on Friday. The stock’s fifty day moving average price is GBX 651.07 and its two-hundred day moving average price is GBX 621.40. The company has a market cap of £732.29 million, a PE ratio of 28.67 and a beta of 1.19. 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.

discoverIE Group (LON:DSCV) last announced its quarterly 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 company had revenue of £443.30 million during the quarter. Equities analysts predict that discoverIE Group will post 37.5 EPS for the current fiscal 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.