discoverIE Group (LON:DSCV) Upgraded by Shore Capital to “Hold” Rating

discoverIE Group (LON:DSCVGet Free Report) was upgraded by equities researchers at Shore Capital to a “hold” rating in a research note issued on Wednesday,Digital Look reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 950 ($12.04) price objective on shares of discoverIE Group in a research note on Tuesday, October 15th.

Read Our Latest Analysis on DSCV

discoverIE Group Stock Down 0.3 %

Shares of DSCV opened at GBX 732 ($9.28) on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. discoverIE Group has a 12 month low of GBX 561 ($7.11) and a 12 month high of GBX 816 ($10.34). The firm’s 50 day moving average is GBX 642.79 and its 200-day moving average is GBX 666.68. The stock has a market capitalization of £702.28 million, a PE ratio of 4,575.00 and a beta of 1.09.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins acquired 7,822 shares of discoverIE Group stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of GBX 634 ($8.03) per share, with a total value of £49,591.48 ($62,837.66). Also, insider Clive Watson acquired 4,126 shares of discoverIE Group stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of GBX 585 ($7.41) per share, for a total transaction of £24,137.10 ($30,584.26). 4.50% of the stock is currently owned by insiders.

About discoverIE Group

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for discoverIE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for discoverIE Group and related companies with MarketBeat.com's FREE daily email newsletter.