discoverIE Group’s (DSCV) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV) in a research note issued to investors on Friday,Digital Look reports.

Several other equities research analysts also recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday. Jefferies Financial Group reissued a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 872.50.

discoverIE Group Price Performance

DSCV stock opened at GBX 654 on Friday. The business has a fifty day moving average of GBX 597.40 and a two-hundred day moving average of GBX 597. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 83.72. The stock has a market cap of £635.17 million, a price-to-earnings ratio of 24.87 and a beta of 1.14. discoverIE Group has a 52-week low of GBX 505 and a 52-week high of GBX 754.

Insider Buying and Selling at discoverIE Group

In related news, insider Simon Gibbins bought 2,601 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was purchased at an average cost of GBX 623 per share, with a total value of £16,204.23. Also, insider Clive Watson bought 200 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of GBX 640 per share, with a total value of £1,280. Insiders own 3.70% of the company’s stock.

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.