Berenberg Bank Increases discoverIE Group (LON:DSCV) Price Target to GBX 1,050

discoverIE Group (LON:DSCV) had its target price hoisted by equities researchers at Berenberg Bank from GBX 950 to GBX 1,050 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 39.26% from the stock’s current price.

DSCV has been the subject of several other reports. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a research note on Monday, April 20th. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a research note on Friday. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 879.29.

discoverIE Group Stock Down 2.6%

Shares of LON:DSCV opened at GBX 754 on Friday. The firm has a market cap of £732.29 million, a P/E ratio of 28.67 and a beta of 1.19. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 800. The business has a fifty day simple moving average of GBX 651.07 and a 200 day simple moving average of GBX 621.40.

discoverIE Group (LON:DSCV) last announced its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The business had revenue of £443.30 million during the quarter. Analysts predict that discoverIE Group will post 37.5 earnings per share for the current year.

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.