discoverIE Group plc (LON:DSCV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

discoverIE Group plc (LON:DSCV) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 879.29.

A number of brokerages have recently weighed in on DSCV. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 price target on the stock. in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a report on Monday, April 20th. Berenberg Bank lifted their price target on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a report on Friday. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a report on Friday, April 17th.

discoverIE Group Stock Down 7.9%

DSCV opened at GBX 713 on Friday. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 800. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. The stock’s fifty day moving average is GBX 654.35 and its 200-day moving average is GBX 622.04. The company has a market capitalization of £692.47 million, a PE ratio of 27.11 and a beta of 1.23.

discoverIE Group (LON:DSCV) last issued its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. The business had revenue of £443.30 million for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%. On average, equities analysts predict that discoverIE Group will post 37.5 EPS for the current fiscal 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.