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

discoverIE Group plc (LON:DSCV) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 872.50.

A number of analysts have recently weighed in on the company. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research report on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a research note on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research note on Friday.

discoverIE Group Price Performance

Shares of LON:DSCV traded up GBX 31 during trading on Friday, reaching GBX 654. 9,588,591 shares of the company traded hands, compared to its average volume of 1,415,678. The company’s 50 day moving average is GBX 596.80 and its two-hundred day moving average is GBX 596.53. The firm has a market capitalization of £635.17 million, a PE ratio of 24.87 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 83.72. 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 other news, insider Clive Watson acquired 200 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of GBX 640 per share, with a total value of £1,280. Also, insider Simon Gibbins bought 2,601 shares of the business’s stock in a transaction on Monday, January 26th. The shares were bought at an average cost of GBX 623 per share, for a total transaction of £16,204.23. Company 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.