discoverIE Group (LON:DSCV) Trading Up 1.7% – What’s Next?

discoverIE Group plc (LON:DSCV)’s stock price was up 1.7% during mid-day trading on Friday . The company traded as high as GBX 792 and last traded at GBX 790. Approximately 2,139,371 shares changed hands during trading, an increase of 105% from the average daily volume of 1,046,095 shares. The stock had previously closed at GBX 777.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,050 price target on shares of discoverIE Group in a research note on Monday, July 27th. Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price objective on the stock. in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a report on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a report on Thursday, June 4th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 894.38.

discoverIE Group Stock Up 1.7%

The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. The company has a market capitalization of £759.40 million, a price-to-earnings ratio of 26.87 and a beta of 1.29. The firm’s fifty day moving average price is GBX 757.63 and its 200-day moving average price is GBX 686.55.

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.