Berenberg Bank Reiterates “Buy” Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 950 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 45.47% from the company’s current price.

DSCV has been the topic of several other research reports. Jefferies Financial Group reiterated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a report on Friday, April 17th. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a report on Monday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

discoverIE Group Stock Performance

DSCV stock traded down GBX 5.94 during mid-day trading on Thursday, hitting GBX 653.06. 133,903 shares of the company were exchanged, compared to its average volume of 1,447,933. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 754. The stock has a market capitalization of £634.26 million, a PE ratio of 24.83 and a beta of 1.14. The business has a 50 day simple moving average of GBX 598.72 and a 200-day simple moving average of GBX 597.64.

Insider Activity

In other news, insider Clive Watson purchased 200 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of GBX 640 per share, with a total value of £1,280. Also, insider Simon Gibbins acquired 2,601 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were bought at an average cost of GBX 623 per share, with a total value of £16,204.23. Company insiders own 3.70% of the company’s stock.

About discoverIE Group

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.