discoverIE Group’s (DSCV) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of discoverIE Group (LON:DSCV) in a research note issued to investors on Thursday morning,Digital Look reports. The firm currently has a GBX 685 price objective on the stock.

Several other brokerages have also commented on DSCV. Berenberg Bank increased their price objective on shares of discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a research report on Thursday. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 870 target price on shares of discoverIE Group in a research report on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 916.88.

discoverIE Group Trading Up 0.9%

LON DSCV opened at GBX 822 on Thursday. The company has a market capitalization of £790.16 million, a price-to-earnings ratio of 27.96 and a beta of 1.29. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 917. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. The company’s 50-day simple moving average is GBX 809.07 and its two-hundred day simple moving average is GBX 727.52.

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.