Insider Buying: discoverIE Group plc (LON:DSCV) Insider Acquires 402 Shares of Stock

Key Points

• Clive Watson, an insider at discoverIE Group plc, purchased 402 shares at an average price of GBX 670 ($9.10) on August 13, totaling £2,693.40 ($3,657.52).
• The company has a market capitalization of £638.77 million and reported a net margin of 3.55% and a return on equity of 5.10% in its last quarterly earnings.
• Analysts have issued buy ratings for the stock, with price targets ranging from GBX 750 ($10.18) to GBX 950 ($12.90), indicating confidence in future growth.

discoverIE Group plc (LON:DSCV - Get Free Report) insider Clive Watson bought 402 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price of GBX 670 ($9.09) per share, for a total transaction of £2,693.40 ($3,652.56).

Clive Watson also recently made the following trade(s):

• On Wednesday, August 13th, Clive Watson bought 63 shares of discoverIE Group stock. The stock was bought at an average price of GBX 670 ($9.09) per share, for a total transaction of £422.10 ($572.42).

discoverIE Group Stock Performance

DSCV stock remained flat at GBX 649 ($8.80) during midday trading on Monday. The company's stock had a trading volume of 516,400 shares, compared to its average volume of 289,353. The firm has a 50-day moving average price of GBX 680.03 and a two-hundred day moving average price of GBX 612.59. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The stock has a market cap of £629.07 million, a P/E ratio of 40.54 and a beta of 1.09. discoverIE Group plc has a 12 month low of GBX 472.50 ($6.41) and a 12 month high of GBX 754 ($10.23).

discoverIE Group (LON:DSCV - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts predict that discoverIE Group plc will post 37.5 EPS for the current year.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 750 ($10.17) target price on shares of discoverIE Group in a report on Thursday, July 24th.

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.