discoverIE Group plc (LON:DSCV) Stock Has Consensus Price Target of GBX 916.88 According to Brokerages

Shares of discoverIE Group plc (LON:DSCV) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 916.88.

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of discoverIE Group from GBX 940 to GBX 1,000 and gave the company a “buy” rating in a report on Thursday, October 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price target on shares of discoverIE Group in a report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research report on Thursday, October 15th. Finally, Berenberg Bank boosted their price objective on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the stock a “buy” rating in a research note on Thursday, October 15th.

discoverIE Group Stock Down 0.5%

DSCV opened at GBX 771 on Tuesday. The firm has a 50 day moving average price of GBX 815.16 and a 200 day moving average price of GBX 707.59. The company has a market cap of £741.14 million, a PE ratio of 26.22 and a beta of 1.29. discoverIE Group has a 1 year low of GBX 505 and a 1 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.

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, 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.