discoverIE Group plc (LON:DSCV – Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 809.26 and traded as high as GBX 843. discoverIE Group shares last traded at GBX 836, with a volume of 4,958,656 shares.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Berenberg Bank increased their target price 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, October 15th. Peel Hunt restated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of discoverIE Group from GBX 940 to GBX 1,000 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, discoverIE Group currently has an average rating of “Moderate Buy” and an average price target of GBX 916.88.
Get Our Latest Report on discoverIE Group
discoverIE Group Stock Performance
The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The firm has a market capitalization of £814.20 million, a P/E ratio of 28.81 and a beta of 1.29. The company’s 50 day moving average is GBX 811.96 and its 200-day moving average is GBX 701.36.
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.
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