discoverIE Group plc (LON:DSCV - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 754 ($10.11) and last traded at GBX 738 ($9.90), with a volume of 81741 shares trading hands. The stock had previously closed at GBX 722 ($9.68).
Wall Street Analysts Forecast Growth
DSCV has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded discoverIE Group to an "outperform" rating and lowered their target price for the company from GBX 690 ($9.26) to GBX 600 ($8.05) in a research note on Tuesday, April 15th. Berenberg Bank reiterated a "buy" rating and set a GBX 950 ($12.74) price target on shares of discoverIE Group in a research note on Wednesday, April 16th. Finally, Shore Capital upgraded discoverIE Group to a "buy" rating in a research note on Wednesday, April 16th.
Get Our Latest Research Report on DSCV
discoverIE Group Price Performance
The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55. The firm has a market capitalization of £715.34 million, a P/E ratio of 46.10 and a beta of 1.09. The company has a 50-day moving average price of GBX 661 and a 200-day moving average price of GBX 610.
discoverIE Group (LON:DSCV - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported GBX 39.70 ($0.53) EPS for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. On average, sell-side analysts predict that discoverIE Group plc will post 37.5 earnings per share for the current year.
About discoverIE Group
(
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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 and industrial & connectivity.
The Group employs c.4,500 people across 20 countries.
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