discoverIE Group (LON:DSCV – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,030 ($12.82) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 49.93% from the stock’s current price.
Separately, Shore Capital reiterated a “hold” rating on shares of discoverIE Group in a research note on Thursday.
Get Our Latest Analysis on DSCV
discoverIE Group Price Performance
Insider Buying and Selling
In other news, insider Bruce Thompson acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). In related news, insider Clive Watson bought 3,693 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of GBX 670 ($8.34) per share, with a total value of £24,743.10 ($30,801.82). Also, insider Bruce Thompson bought 4,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). Corporate insiders own 4.16% of the company’s stock.
discoverIE Group Company Profile
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.
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