discoverIE Group plc (LON:DSCV) Stock Has Average Target Price of GBX 916.88

discoverIE Group plc (LON:DSCV) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 916.88.

DSCV has been the subject of several recent research reports. Berenberg Bank boosted their price target on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on discoverIE Group from GBX 940 to GBX 1,000 and gave the company a “buy” rating in a research note on Thursday, October 15th.

discoverIE Group Stock Up 2.8%

discoverIE Group stock opened at GBX 822 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The firm has a market cap of £790.16 million, a P/E ratio of 27.96 and a beta of 1.29. The business has a fifty day moving average of GBX 814.88 and a two-hundred day moving average of GBX 708.54. discoverIE Group has a twelve month low of GBX 505 and a twelve month high of GBX 917.

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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.