discoverIE Group’s (DSCV) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Wednesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 950 price objective on the stock.

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 750 price target on shares of discoverIE Group in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 766.67.

discoverIE Group Stock Down 0.3%

Shares of discoverIE Group stock opened at GBX 598.16 on Wednesday. The firm has a market cap of £574.57 million, a PE ratio of 2,392.63 and a beta of 1.09. discoverIE Group has a 52-week low of GBX 472.50 and a 52-week high of GBX 754. The business’s 50 day simple moving average is GBX 660.40 and its 200 day simple moving average is GBX 616.08. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55.

Insider Buying and Selling at discoverIE Group

In other discoverIE Group news, insider Clive Watson bought 402 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of GBX 670 per share, with a total value of £2,693.40. 3.73% of the stock is owned by company insiders.

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.