discoverIE Group (LON:DSCV) Given Buy Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of discoverIE Group (LON:DSCV) in a report published on Thursday morning, Digital Look reports. They currently have a GBX 1,030 ($12.82) target price on the stock.

Separately, Shore Capital reiterated a hold rating on shares of discoverIE Group in a research report on Thursday.

discoverIE Group Price Performance

Shares of DSCV stock opened at GBX 671 ($8.35) on Thursday. discoverIE Group has a 1 year low of GBX 586 ($7.29) and a 1 year high of GBX 958 ($11.93). The firm’s 50 day moving average is GBX 713.77 and its 200-day moving average is GBX 702.26. The firm has a market capitalization of £643.15 million, a price-to-earnings ratio of 2,924.06 and a beta of 1.04. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 82.83.

Insider Transactions at discoverIE Group

In related news, insider Clive Watson bought 3,693 shares of discoverIE Group stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). In other discoverIE Group news, insider Bruce Thompson acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). Also, insider Clive Watson acquired 3,693 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). 4.16% of the stock is owned by company insiders.

discoverIE Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.