discoverIE Group (LON:DSCV) Price Target Raised to GBX 1,100

discoverIE Group (LON:DSCV) had its target price increased by Berenberg Bank from GBX 1,050 to GBX 1,100 in a report published on Thursday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages have also recently commented on DSCV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 870 target price on shares of discoverIE Group in a report on Tuesday, June 23rd. Peel Hunt restated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 916.88.

discoverIE Group Trading Up 0.9%

DSCV stock opened at GBX 822 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 917. The stock has a market cap of £790.16 million, a price-to-earnings ratio of 27.96 and a beta of 1.29. The business’s 50-day moving average is GBX 809.07 and its 200 day moving average is GBX 727.52.

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.