Analysts Set discoverIE Group plc (LON:DSCV) Price Target at GBX 894.38

discoverIE Group plc (LON:DSCV) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 894.38.

A number of equities analysts recently weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research report on Thursday, June 4th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research report on Tuesday, June 23rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,050 target price on shares of discoverIE Group in a research report on Monday, July 27th.

discoverIE Group Stock Up 0.5%

discoverIE Group stock opened at GBX 775 on Friday. 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 has a 52-week low of GBX 505 and a 52-week high of GBX 800. The firm has a 50 day moving average price of GBX 708.78 and a two-hundred day moving average price of GBX 651.29. The firm has a market cap of £744.98 million, a price-to-earnings ratio of 26.36 and a beta of 1.28.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. The company had revenue of £443.30 million for the quarter. Equities analysts predict that discoverIE Group will post 37.5 EPS for the current 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.