discoverIE Group (LON:DSCV) Rating Reiterated by Berenberg Bank

Berenberg Bank reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Thursday morning, Digital Look reports. They currently have a GBX 1,030 ($12.82) price target on the stock.

Separately, Shore Capital reiterated a hold rating on shares of discoverIE Group in a research report on Thursday.

discoverIE Group Price Performance

DSCV stock opened at GBX 671 ($8.35) on Thursday. The company has a 50 day simple moving average of GBX 713.77 and a 200 day simple moving average of GBX 702.26. The stock has a market cap of £643.15 million, a price-to-earnings ratio of 2,924.06 and a beta of 1.04. discoverIE Group has a 1 year low of GBX 586 ($7.29) and a 1 year high of GBX 958 ($11.93). The company has a debt-to-equity ratio of 82.83, a current ratio of 1.50 and a quick ratio of 0.96.

Insiders Place Their Bets

In other discoverIE Group news, insider Bruce Thompson bought 4,000 shares of discoverIE Group stock in a transaction on Tuesday, March 19th. The shares were purchased at an average cost of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). In other discoverIE Group news, insider Bruce Thompson bought 4,000 shares of discoverIE Group stock in a transaction on Tuesday, March 19th. The shares were purchased at an average cost of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). Also, insider Clive Watson bought 3,693 shares of discoverIE Group stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). Insiders own 4.16% of the company’s stock.

About discoverIE Group

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.