discoverIE Group (LON:DSCV) Given New GBX 1,000 Price Target at Deutsche Bank Aktiengesellschaft

discoverIE Group (LON:DSCV) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 940 to GBX 1,000 in a research note issued to investors on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 20.77% from the stock’s current price.

DSCV has been the topic of a number of other research reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a report on Thursday. Peel Hunt reiterated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday, July 24th. Finally, Berenberg Bank upped their target price on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 916.88.

discoverIE Group Trading Down 4.3%

Shares of discoverIE Group stock opened at GBX 828 on Thursday. The company has a 50-day moving average of GBX 809.63 and a two-hundred day moving average of GBX 724.83. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 917. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The stock has a market cap of £795.93 million, a PE ratio of 28.16 and a beta of 1.29.

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.