Jefferies Financial Group Reaffirms Hold Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 685 price target on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 17.17% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research note on Tuesday, June 23rd. Berenberg Bank boosted their target price on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 900.62.

discoverIE Group Price Performance

Shares of LON:DSCV opened at GBX 827 on Thursday. The business’s 50 day simple moving average is GBX 809.63 and its 200-day simple moving average is GBX 724.83. The firm has a market capitalization of £794.97 million, a price-to-earnings ratio of 28.13 and a beta of 1.29. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. discoverIE Group has a 12 month low of GBX 505 and a 12 month high of GBX 917.

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.