discoverIE Group (LON:DSCV) Receives Buy Rating from JPMorgan Chase & Co.

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 1,000 target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 70.94% from the stock’s current price.

Other research analysts have also issued reports about the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 price objective on shares of discoverIE Group in a research note on Wednesday, September 10th. Shore Capital reiterated a “hold” rating and issued a GBX 750 price target on shares of discoverIE Group in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, discoverIE Group currently has an average rating of “Buy” and a consensus target price of GBX 825.

discoverIE Group Stock Performance

LON:DSCV traded down GBX 10 during trading on Wednesday, reaching GBX 585. The company’s stock had a trading volume of 286,855 shares, compared to its average volume of 302,419. The firm has a market cap of £561.93 million, a price-to-earnings ratio of 23.40 and a beta of 1.09. discoverIE Group has a 12 month low of GBX 472.50 and a 12 month high of GBX 754. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55. The firm has a 50 day moving average of GBX 586.03 and a 200-day moving average of GBX 629.47.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Research analysts expect 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.