discoverIE Group’s (DSCV) Hold Rating Reiterated at Jefferies Financial Group

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research note issued on Thursday, October 15th, Digital Look reports. They currently have a GBX 685 price target on the stock. Jefferies Financial Group‘s price objective would indicate a potential downside of 14.80% from the company’s current price.

DSCV has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a report on Tuesday, June 23rd. Berenberg Bank lifted their target price on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, October 15th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, discoverIE Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 916.88.

discoverIE Group Stock Performance

Shares of LON DSCV traded down GBX 30 during midday trading on Thursday, hitting GBX 804. The company’s stock had a trading volume of 243,443 shares, compared to its average volume of 950,567. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 917. The firm’s fifty day moving average price is GBX 808.93 and its 200-day moving average price is GBX 734.59. The firm has a market cap of £772.86 million, a P/E ratio of 27.35 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.