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

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

A number of equities analysts have recently weighed in on DSCV shares. Royal Bank Of Canada cut shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a report on Tuesday, June 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 1,050 price target on shares of discoverIE Group in a research report on Monday, July 27th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday, July 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research note on Thursday, June 4th.

discoverIE Group Price Performance

LON:DSCV opened at GBX 771.20 on Thursday. The firm has a market cap of £741.33 million, a PE ratio of 26.23 and a beta of 1.29. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 840. The company’s 50-day moving average price is GBX 725.98 and its two-hundred day moving average price is GBX 669.29. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share for the quarter. The firm had revenue of £443.30 million during the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. On average, equities analysts anticipate 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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.