discoverIE Group (LON:DSCV) Hits New 1-Year High – Should You Buy?

discoverIE Group plc (LON:DSCV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 802 and last traded at GBX 798, with a volume of 328487 shares. The stock had previously closed at GBX 768.19.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Peel Hunt reissued a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research note on Thursday, June 4th. Berenberg Bank restated a “buy” rating and issued a GBX 1,050 price objective on shares of discoverIE Group in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research note on Tuesday, June 23rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 894.38.

discoverIE Group Trading Up 3.4%

The company has a market capitalization of £763.82 million, a PE ratio of 27.03 and a beta of 1.28. The company’s fifty day moving average is GBX 709.38 and its 200-day moving average is GBX 652.90. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96.

discoverIE Group (LON:DSCV) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. The company had revenue of £443.30 million during the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. On average, analysts anticipate that discoverIE Group plc will post 37.5 EPS for the current fiscal year.

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.