discoverIE Group plc (LON:DSCV) Receives GBX 894.38 Consensus Target Price from Analysts

Shares of discoverIE Group plc (LON:DSCV) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 894.38.

Several equities research analysts have weighed in on DSCV shares. Jefferies Financial Group restated a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 price target on shares of discoverIE Group in a research note on Tuesday, June 23rd. Berenberg Bank restated a “buy” rating and set a GBX 1,050 price objective on shares of discoverIE Group in a research report on Monday, July 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lowered discoverIE Group to a “sector perform” rating and set a GBX 800 price objective on the stock. in a research note on Friday, June 5th.

discoverIE Group Stock Performance

Shares of discoverIE Group stock opened at GBX 771 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The company has a market cap of £741.14 million, a PE ratio of 26.22 and a beta of 1.29. The company has a 50 day moving average of GBX 764.74 and a 200-day moving average of GBX 688.91. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 840.

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.