discoverIE Group (LON:DSCV) Trading Up 0.5% After Insider Buying Activity

Key Points

• discoverIE Group plc's share price rose 0.5% following recent insider buying, where insider Clive Watson purchased a total of 465 shares at an average price of GBX 670 ($9.07).
• Analysts have maintained a "buy" rating for the stock, with target prices of GBX 950 ($12.85) from Berenberg Bank and GBX 750 ($10.15) from Shore Capital.
• The company's latest earnings report showed an EPS of GBX 39.70 ($0.54) and analysts expect a total EPS of 37.5 for the current fiscal year.

discoverIE Group plc (LON:DSCV - Get Free Report)'s share price traded up 0.5% during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 665 ($9.00) and last traded at GBX 659 ($8.92). 46,918 shares were traded during trading, a decline of 84% from the average session volume of 288,835 shares. The stock had previously closed at GBX 656 ($8.88).

Specifically, insider Clive Watson purchased 402 shares of the stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of GBX 670 ($9.07) per share, for a total transaction of £2,693.40 ($3,644.16). Also, insider Clive Watson purchased 63 shares of the stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of GBX 670 ($9.07) per share, for a total transaction of £422.10 ($571.10).

Analyst Ratings Changes

A number of research firms recently commented on DSCV. Berenberg Bank reiterated a "buy" rating and issued a GBX 950 ($12.85) target price on shares of discoverIE Group in a research note on Wednesday, April 16th. Shore Capital reiterated a "buy" rating and issued a GBX 750 ($10.15) target price on shares of discoverIE Group in a research note on Thursday, July 24th.

discoverIE Group Trading Up 0.5%

The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The firm has a market capitalization of £638.77 million, a PE ratio of 41.16 and a beta of 1.09. The company's fifty day simple moving average is GBX 680.51 and its 200-day simple moving average is GBX 612.91.

discoverIE Group (LON:DSCV - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported GBX 39.70 ($0.54) earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. As a group, sell-side analysts expect that discoverIE Group plc will post 37.5 earnings per share for the current fiscal year.

discoverIE Group Company Profile

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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