discoverIE Group plc (LON:DSCV) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• discoverIE Group has a “Moderate Buy” consensus rating from eight analysts: six recommend buying the stock and two advise holding it. The average 12-month price target is GBX 894.38, compared with a recent price of GBX 771.20.
• Analyst views range from Jefferies’ GBX 685 “hold” target to Berenberg’s GBX 1,050 “buy” target, with Deutsche Bank and Peel Hunt also maintaining buy ratings.
• The company reported quarterly earnings of GBX 41.30 per share on revenue of £443.30 million. discoverIE designs and manufactures electronic components for industrial markets including renewable energy, medical, transportation, security, and connectivity.

Shares of discoverIE Group plc (LON:DSCV - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 894.38.

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 870 price objective on shares of discoverIE Group in a report on Tuesday, June 23rd. Peel Hunt reissued a "buy" rating and set a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, July 24th. Royal Bank Of Canada lowered shares of discoverIE Group to a "sector perform" rating and set a GBX 800 price target for the company. in a research report on Friday, June 5th. Berenberg Bank reissued a "buy" rating and set a GBX 1,050 price objective on shares of discoverIE Group in a research report on Monday, July 27th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 685 price target on shares of discoverIE Group in a research note on Thursday, June 4th.

discoverIE Group Stock Down 0.1%

Shares of discoverIE Group stock opened at GBX 771.20 on Thursday. The stock has a market capitalization of £741.33 million, a price-to-earnings ratio of 26.23 and a beta of 1.29. discoverIE Group has a twelve month low of GBX 505 and a twelve month high of GBX 840. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The business's 50 day simple moving average is GBX 725.98 and its 200-day simple moving average is GBX 669.29.

discoverIE Group (LON:DSCV - Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share for the quarter. The firm had revenue of £443.30 million for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%. Equities research analysts forecast that discoverIE Group will post 37.5 earnings per share for the current year.

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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.

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