discoverIE Group's (DSCV) Buy Rating Reiterated at Shore Capital

discoverIE Group (LON:DSCV - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 750 ($10.08) price target on the stock. Shore Capital's price objective suggests a potential upside of 9.81% from the company's previous close.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada raised discoverIE Group to an "outperform" rating and reduced their price objective for the company from GBX 690 ($9.27) to GBX 600 ($8.06) in a research note on Tuesday, April 15th. Berenberg Bank restated a "buy" rating and set a GBX 950 ($12.77) price objective on shares of discoverIE Group in a research note on Wednesday, April 16th.

discoverIE Group Trading Down 1.6%

LON DSCV traded down GBX 11 ($0.15) during trading hours on Thursday, hitting GBX 683 ($9.18). 91,268 shares of the company's stock were exchanged, compared to its average volume of 304,402. The business's 50 day moving average is GBX 669.34 and its 200-day moving average is GBX 611.61. discoverIE Group has a 12-month low of GBX 472.50 ($6.35) and a 12-month high of GBX 754 ($10.13). The firm has a market capitalization of £662.03 million, a P/E ratio of 42.66 and a beta of 1.09. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55.

discoverIE Group (LON:DSCV - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported GBX 39.70 ($0.53) earnings per share for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. As a group, analysts anticipate that discoverIE Group will post 37.5 EPS for the current fiscal 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 and industrial & connectivity. The Group employs c.4,500 people across 20 countries.