discoverIE Group’s (DSCV) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Monday,Digital Look reports. They currently have a GBX 1,050 price target on the stock.

Several other research firms have also recently weighed in on DSCV. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, July 24th. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a report on Friday, June 5th. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, April 17th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 894.38.

discoverIE Group Trading Down 1.9%

Shares of DSCV stock opened at GBX 777.13 on Monday. The stock has a market capitalization of £747.03 million, a PE ratio of 26.43 and a beta of 1.28. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 800. The business has a 50-day moving average of GBX 707 and a 200 day moving average of GBX 649.25. 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 (LON:DSCV) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 41.30 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 for the quarter. As a group, sell-side analysts anticipate that discoverIE Group will post 37.5 earnings per share 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.