discoverIE Group (LON:DSCV) Trading Down 1% – Here’s Why
by Scott Moore · The Cerbat GemShares of discoverIE Group plc (LON:DSCV – Get Free Report) traded down 1% during mid-day trading on Monday . The stock traded as low as GBX 615 and last traded at GBX 615. 113,388 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 306,654 shares. The stock had previously closed at GBX 621.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and set a GBX 950 price objective on shares of discoverIE Group in a research note on Friday, December 5th. JPMorgan Chase & Co. reiterated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a report on Wednesday, December 3rd. Shore Capital restated a “buy” rating and issued a GBX 750 price target on shares of discoverIE Group in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised discoverIE Group to a “buy” rating and boosted their price target for the stock from GBX 735 to GBX 850 in a research report on Monday, December 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 830.
Check Out Our Latest Research Report on discoverIE Group
discoverIE Group Price Performance
The business has a fifty day moving average of GBX 596.18 and a 200 day moving average of GBX 614.07. The firm has a market cap of £597.29 million, a P/E ratio of 23.38 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88.
discoverIE Group (LON:DSCV – Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share (EPS) for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. On average, sell-side analysts anticipate that discoverIE Group plc will post 37.5 earnings per share for the current year.
Insider Transactions at discoverIE Group
In related news, insider Bruce Thompson acquired 15,000 shares of discoverIE Group stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of GBX 605 per share, with a total value of £90,750. 3.73% of the stock is owned by corporate insiders.
discoverIE Group Company Profile
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.