discoverIE Group’s (DSCV) Buy Rating Reaffirmed at Stifel Nicolaus

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report released on Friday,London Stock Exchange reports. They currently have a GBX 1,000 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 52.91% from the company’s previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research note on Friday. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 872.50.

discoverIE Group Trading Up 5.0%

discoverIE Group stock traded up GBX 31 during mid-day trading on Friday, hitting GBX 654. 9,588,591 shares of the company’s stock were exchanged, compared to its average volume of 1,415,678. The firm has a market capitalization of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 754. 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 company’s 50 day simple moving average is GBX 596.80 and its 200-day simple moving average is GBX 596.53.

Insider Activity

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

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.