discoverIE Group (LON:DSCV) Sets New 52-Week High – Here’s What Happened

discoverIE Group plc (LON:DSCV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 778 and last traded at GBX 756, with a volume of 280894 shares trading hands. The stock had previously closed at GBX 764.

Analysts Set New Price Targets

DSCV has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a research note on Monday, April 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Friday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 target price on shares of discoverIE Group in a research note on Thursday, April 23rd. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, discoverIE Group presently has an average rating of “Moderate Buy” and an average target price of GBX 875.83.

discoverIE Group Stock Down 1.0%

The firm’s 50 day moving average is GBX 637.55 and its two-hundred day moving average is GBX 617.01. The firm has a market cap of £734.23 million, a P/E ratio of 28.75 and a beta of 1.19. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72.

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.