Simon Gibbins Acquires 2,601 Shares of discoverIE Group (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins acquired 2,601 shares of discoverIE Group stock in a transaction on Monday, January 26th. The shares were bought at an average price of GBX 623 per share, for a total transaction of £16,204.23.

discoverIE Group Price Performance

DSCV opened at GBX 654 on Thursday. The company has a market capitalization of £635.17 million, a P/E ratio of 24.87 and a beta of 1.09. The company has a 50-day moving average of GBX 599.36 and a 200-day moving average of GBX 613.70. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55. discoverIE Group plc has a 1-year low of GBX 472.50 and a 1-year high of GBX 754.

discoverIE Group (LON:DSCV) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19.50 EPS for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. Equities analysts expect that discoverIE Group plc will post 37.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DSCV shares. Berenberg Bank reissued a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research report on Friday, December 5th. Shore Capital reissued a “buy” rating and set a GBX 750 target price on shares of discoverIE Group in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of discoverIE Group to a “buy” rating and raised their price target for the stock from GBX 735 to GBX 850 in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 830.

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.