discoverIE Group’s (DSCV) “Hold” Rating Reaffirmed at Jefferies Financial Group

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 685 price target on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 11.95% from the company’s current price.

Other analysts have also issued reports about the stock. Stifel Nicolaus restated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, April 17th. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 870 price objective on shares of discoverIE Group in a research note on Monday, April 20th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 950 target price on shares of discoverIE Group in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

discoverIE Group Stock Performance

LON DSCV opened at GBX 778 on Thursday. The company has a 50-day simple moving average of GBX 646.47 and a two-hundred day simple moving average of GBX 619.94. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 83.72. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 800. The firm has a market cap of £755.60 million, a price-to-earnings ratio of 29.58 and a beta of 1.19.

discoverIE Group (LON:DSCV) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 6.05% and a return on equity of 8.34%. The business had revenue of £443.30 million during the quarter. On average, equities analysts forecast that discoverIE Group will post 37.5 EPS for the current year.

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.