discoverIE Group plc (LON:DSCV) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus is “Moderate Buy” for discoverIE Group, with six buy ratings and two holds among eight analysts. The average 12-month price target is GBX 894.38.
• Recent targets range from GBX 685 to GBX 1,050, including buy ratings from Deutsche Bank, Peel Hunt, and Berenberg, while Jefferies and RBC maintained more cautious views.
• Shares opened at GBX 774, down 1.5%, with a market capitalization of approximately £744 million. The company designs and manufactures electronic components for industrial markets including renewable energy, medical, transportation, and connectivity.

discoverIE Group plc (LON:DSCV - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 894.38.

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

discoverIE Group Trading Down 1.5%

Shares of DSCV stock opened at GBX 774 on Monday. discoverIE Group has a 52-week low of GBX 505 and a 52-week high of GBX 840. 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 firm has a market capitalization of £744.02 million, a PE ratio of 26.33 and a beta of 1.29. The stock has a fifty day simple moving average of GBX 757.63 and a two-hundred day simple moving average of GBX 686.77.

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.

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