discoverIE Group (LON:DSCV) Earns Hold Rating from Shore Capital

Key Points

• discoverIE Group's stock has received a "hold" rating from Shore Capital with a price target of GBX 750, indicating a potential upside of 27.99% from its previous close.
• Berenberg Bank has reissued a "buy" rating" for discoverIE Group with a higher price objective of GBX 950, contributing to a consensus rating of "Moderate Buy" among analysts.
• Insider Clive Watson purchased 402 shares at an average price of GBX 670, illustrating confidence from corporate insiders, who own 3.73% of the company's stock.

discoverIE Group (LON:DSCV - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Shore Capital in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 750 price objective on the stock. Shore Capital's price target suggests a potential upside of 27.99% from the company's previous close.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 950 price objective on shares of discoverIE Group in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, discoverIE Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 766.67.

discoverIE Group Stock Performance

DSCV stock traded down GBX 1 during midday trading on Tuesday, hitting GBX 586. The company's stock had a trading volume of 246,511 shares, compared to its average volume of 296,185. The stock's 50-day moving average price is GBX 618.73 and its 200 day moving average price is GBX 622.93. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88. discoverIE Group has a 1 year low of GBX 472.50 and a 1 year high of GBX 754. The stock has a market cap of £562.89 million, a price-to-earnings ratio of 2,344.00 and a beta of 1.09.

Insider Activity at discoverIE Group

In other news, insider Clive Watson purchased 402 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of GBX 670 per share, with a total value of £2,693.40. 3.73% of the stock is owned by corporate insiders.

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.

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