Discoverie Group (LON:DSCV) Price Target Raised to GBX 700

Discoverie Group (LON:DSCV) had its price objective raised by Peel Hunt from GBX 580 ($7.14) to GBX 700 ($8.61) in a report issued on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Jefferies Financial Group cut their price target on Discoverie Group from GBX 645 ($7.94) to GBX 585 ($7.20) and set a buy rating on the stock in a report on Thursday, April 16th. FinnCap restated a corporate rating on shares of Discoverie Group in a report on Thursday. Finally, Berenberg Bank raised their target price on Discoverie Group from GBX 500 ($6.15) to GBX 590 ($7.26) and gave the company a buy rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of GBX 626.20 ($7.71).

Shares of LON:DSCV opened at GBX 594 ($7.31) on Thursday. The business’s 50 day simple moving average is GBX 551.64 and its two-hundred day simple moving average is GBX 521.46. The firm has a market cap of $531.37 million and a P/E ratio of 36.00. The company has a debt-to-equity ratio of 58.90, a quick ratio of 1.22 and a current ratio of 1.91. Discoverie Group has a 52-week low of GBX 4.90 ($0.06) and a 52-week high of GBX 610 ($7.51).

Discoverie Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates through two divisions, Design & Manufacturing and Custom Supply. The company also offers technically demanding, customized electronic, photonic, and medical products to the industrial, medical, and healthcare markets.

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