discoverIE Group’s (DSCV) “Buy” Rating Reaffirmed at Stifel Nicolaus
by Doug Wharley · The Cerbat GemStifel Nicolaus reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV – Free Report) in a report published on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 1,000 target price on the stock.
A number of other equities research analysts also recently weighed in on DSCV. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Monday, February 2nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 872.50.
View Our Latest Report on discoverIE Group
discoverIE Group Trading Up 5.0%
Shares of discoverIE Group stock opened at GBX 654 on Friday. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 754. The company has a market cap of £635.17 million, a price-to-earnings ratio of 24.87 and a beta of 1.14. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72. The company’s 50-day moving average price is GBX 597.40 and its 200-day moving average price is GBX 597.
Insider Buying and Selling
In related news, insider Simon Gibbins bought 2,601 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average cost of GBX 623 per share, with a total value of £16,204.23. Also, insider Clive Watson bought 200 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of GBX 640 per share, for a total transaction of £1,280. Company insiders own 3.70% of the company’s stock.
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.