discoverIE Group’s (DSCV) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has a GBX 1,000 target price on the stock.

Several other research firms have also issued reports on DSCV. Berenberg Bank restated a “buy” rating and issued a GBX 950 price target on shares of discoverIE Group in a research report on Wednesday, September 10th. Shore Capital reiterated a “hold” rating and issued a GBX 750 target price on shares of discoverIE Group in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, discoverIE Group currently has a consensus rating of “Buy” and an average target price of GBX 830.

discoverIE Group Stock Performance

DSCV opened at GBX 610 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88. The stock’s 50 day moving average price is GBX 586.63 and its two-hundred day moving average price is GBX 629.01. The firm has a market capitalization of £586.34 million, a P/E ratio of 23.19 and a beta of 1.09. discoverIE Group has a 12-month low of GBX 472.50 and a 12-month high of GBX 754.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. On average, equities analysts forecast that discoverIE Group will post 37.5 earnings per share for the current year.

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.