Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 870 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 24.58% from the company’s previous close.

DSCV has been the subject of several other reports. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research note on Thursday, June 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a report on Friday, April 17th. Berenberg Bank boosted their target price on shares of discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a research note on Friday, June 5th. Finally, Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a report on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, discoverIE Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 879.29.

discoverIE Group Stock Performance

DSCV traded down GBX 19.63 during midday trading on Tuesday, hitting GBX 698.37. 84,397 shares of the company were exchanged, compared to its average volume of 1,216,629. The company’s 50 day simple moving average is GBX 688.06 and its 200 day simple moving average is GBX 632.27. The firm has a market capitalization of £678.27 million, a price-to-earnings ratio of 23.75 and a beta of 1.23. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 800. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98.

discoverIE Group (LON:DSCV) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The business had revenue of £443.30 million during the quarter. As a group, sell-side analysts predict that discoverIE Group will post 37.5 earnings per share for the current 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.