discoverIE Group plc (LON:DSCV) Given Average Rating of “Moderate Buy” by Brokerages

discoverIE Group plc (LON:DSCV) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 875.83.

Several research firms have issued reports on DSCV. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research note on Thursday, April 23rd. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research note on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a report on Friday, April 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, April 17th.

discoverIE Group Price Performance

discoverIE Group stock opened at GBX 697 on Tuesday. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 754. The stock has a market capitalization of £676.93 million, a P/E ratio of 26.50 and a beta of 1.19. The firm’s 50-day moving average is GBX 605.57 and its two-hundred day moving average is GBX 606.29. The company has a debt-to-equity ratio of 83.72, a current ratio of 1.48 and a quick ratio of 0.96.

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.