discoverIE Group (LON:DSCV) Insider Purchases £2,693.40 in 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 acquired 402 shares of the stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of GBX 670 per share, for a total transaction of £2,693.40.

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

• On Wednesday, August 13th, Clive Watson purchased 63 shares of discoverIE Group stock. The stock was acquired at an average cost of GBX 670 per share, with a total value of £422.10.

discoverIE Group Price Performance

Shares of discoverIE Group stock traded up GBX 7 during trading on Tuesday, reaching GBX 657. The company's stock had a trading volume of 611,395 shares, compared to its average volume of 291,794. The business has a 50 day moving average price of GBX 678.91 and a 200-day moving average price of GBX 612.94. discoverIE Group plc has a 12-month low of GBX 472.50 and a 12-month high of GBX 754. The company has a market capitalization of £636.83 million, a P/E ratio of 41.04 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88.

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating and set a GBX 750 price target on shares of discoverIE Group in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, discoverIE Group presently has an average rating of "Buy" and a consensus price target of GBX 766.67.

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.