discoverIE Group plc (LON:DSCV) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Six brokers give discoverIE an average recommendation of "Moderate Buy" (five buys, one hold) with a 12‑month average price target of GBX 872.50.
• Insider buying: Two insiders recently purchased shares (Clive Watson 200 @ GBX 640; Simon Gibbins 2,601 @ GBX 623), and insiders now hold 3.70% of the stock.
• Share move and valuation: Shares jumped 5% to GBX 654 on heavy volume; market cap is ~£635.2m, one‑year range GBX 505–754 and P/E around 24.9.

discoverIE Group plc (LON:DSCV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 872.50.

A number of analysts have recently weighed in on the stock. Shore Capital Group restated a "buy" rating on shares of discoverIE Group in a report on Friday. Stifel Nicolaus restated a "buy" rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Friday.

Insiders Place Their Bets

In related news, insider Clive Watson acquired 200 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of GBX 640 per share, for a total transaction of £1,280. Also, insider Simon Gibbins bought 2,601 shares of the business's stock in a transaction on Monday, January 26th. The stock was acquired at an average cost of GBX 623 per share, for a total transaction of £16,204.23. 3.70% of the stock is currently owned by company insiders.

discoverIE Group Stock Up 5.0%

Shares of LON:DSCV traded up GBX 31 during trading on Friday, reaching GBX 654. The stock had a trading volume of 9,588,591 shares, compared to its average volume of 1,415,678. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 754. The company has a market capitalization of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72. The firm's 50-day simple moving average is GBX 596.80 and its 200 day simple moving average is GBX 596.53.

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

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