discoverIE Group plc (LON:DSCV - Get Free Report) shares shot up 0.8% during mid-day trading on Friday . The stock traded as high as GBX 640 ($8.67) and last traded at GBX 635 ($8.60). 184,023 shares were traded during mid-day trading, a decline of 47% from the average session volume of 350,454 shares. The stock had previously closed at GBX 630 ($8.53).
Analyst Ratings Changes
Several research firms recently issued reports on DSCV. Berenberg Bank restated a "buy" rating and issued a GBX 950 ($12.87) price target on shares of discoverIE Group in a research note on Wednesday, April 16th. Shore Capital upgraded discoverIE Group to a "buy" rating in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada upgraded discoverIE Group to an "outperform" rating and cut their target price for the company from GBX 690 ($9.35) to GBX 600 ($8.13) in a research report on Tuesday, April 15th.
Read Our Latest Stock Report on DSCV
discoverIE Group Trading Down 1.6%
The business has a 50-day moving average price of GBX 569.37 and a two-hundred day moving average price of GBX 614.09. The stock has a market capitalization of £605.87 million, a P/E ratio of 39.04 and a beta of 1.09. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.
Insider Activity
In other discoverIE Group news, insider Bruce Thompson purchased 12,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of GBX 544 ($7.37) per share, with a total value of £65,280 ($88,431.32). Corporate insiders own 4.50% of the company's stock.
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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