discoverIE Group (LON:DSCV) Rating Reiterated by Berenberg Bank

Berenberg Bank restated their buy rating on shares of discoverIE Group (LON:DSCV) in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 1,030 ($12.82) price objective on the stock.

Separately, Shore Capital restated a hold rating on shares of discoverIE Group in a research note on Thursday.

discoverIE Group Price Performance

discoverIE Group stock opened at GBX 687 ($8.55) on Thursday. discoverIE Group has a 12 month low of GBX 586 ($7.29) and a 12 month high of GBX 958 ($11.93). The company has a debt-to-equity ratio of 82.83, a current ratio of 1.50 and a quick ratio of 0.96. The business has a 50 day simple moving average of GBX 713.03 and a 200-day simple moving average of GBX 703.66. The stock has a market capitalization of £658.49 million, a PE ratio of 2,986.96 and a beta of 1.04.

Insider Buying and Selling

In other discoverIE Group 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 purchased at an average price of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). In other discoverIE Group 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 purchased at an average price of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). Also, insider Clive Watson acquired 3,693 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). 4.16% of the stock is currently owned by corporate insiders.

About discoverIE Group

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.