discoverIE Group (LON:DSCV) Trading Up 0.5% – Time to Buy?

discoverIE Group plc (LON:DSCV) shares shot up 0.5% during trading on Monday . The company traded as high as GBX 577 and last traded at GBX 569. 181,458 shares were traded during trading, a decline of 41% from the average session volume of 304,976 shares. The stock had previously closed at GBX 566.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DSCV shares. Shore Capital restated a “hold” rating and issued a GBX 750 target price on shares of discoverIE Group in a report on Tuesday, October 14th. Berenberg Bank restated a “buy” rating and set a GBX 950 price objective on shares of discoverIE Group in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 766.67.

discoverIE Group Trading Up 1.1%

The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The company has a market capitalization of £535.04 million, a P/E ratio of 22.28 and a beta of 1.09. The firm has a fifty day moving average price of GBX 590.07 and a 200-day moving average price of GBX 631.52.

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.