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Shore Capital Upgrades discoverIE Group (LON:DSCV) to Buy

discoverIE Group logo with Computer and Technology background

discoverIE Group (LON:DSCV - Get Free Report) was upgraded by analysts at Shore Capital to a "buy" rating in a report issued on Wednesday, MarketBeat.com reports.

Separately, Royal Bank of Canada raised shares of discoverIE Group to an "outperform" rating and cut their target price for the company from GBX 690 ($9.18) to GBX 600 ($7.98) in a research note on Tuesday, April 15th.

Get Our Latest Report on DSCV

discoverIE Group Stock Performance

Shares of DSCV stock remained flat at GBX 560 ($7.45) during trading hours on Wednesday. 185,792 shares of the stock traded hands, compared to its average volume of 416,532. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. discoverIE Group has a twelve month low of GBX 472.50 ($6.28) and a twelve month high of GBX 788 ($10.48). The firm has a market capitalization of £542.81 million, a PE ratio of 34.98 and a beta of 1.09. The stock has a fifty day moving average of GBX 550.78 and a two-hundred day moving average of GBX 624.18.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Clive Watson purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of GBX 543 ($7.22) per share, for a total transaction of £27,150 ($36,113.33). Also, insider Bruce Thompson acquired 12,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of GBX 544 ($7.24) per share, with a total value of £65,280 ($86,831.60). Insiders have purchased a total of 17,175 shares of company stock worth $9,349,400 in the last three months. Company insiders own 4.50% of the company's stock.

About discoverIE Group

(Get Free Report)

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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