Shore Capital Reaffirms “Sell” Rating for discoverIE Group (LON:DSCV)

by · The Markets Daily

Shore Capital restated their sell rating on shares of discoverIE Group (LON:DSCV – Free Report) in a research note released on Tuesday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,030 ($13.45) price objective on shares of discoverIE Group in a report on Monday, June 17th.

View Our Latest Stock Report on DSCV

discoverIE Group Stock Up 1.7 %

Shares of DSCV opened at GBX 663 ($8.66) on Tuesday. The company’s 50-day moving average price is GBX 613.32 and its 200 day moving average price is GBX 681.63. discoverIE Group has a 12-month low of GBX 561 ($7.33) and a 12-month high of GBX 816 ($10.66). The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. The firm has a market cap of £636.08 million, a P/E ratio of 4,141.52 and a beta of 1.09.

Insider Activity at discoverIE Group

In other news, insider Simon Gibbins bought 7,822 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). In other discoverIE Group news, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). Also, insider Clive Watson purchased 4,126 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of GBX 585 ($7.64) per share, with a total value of £24,137.10 ($31,518.80). In the last 90 days, insiders have bought 17,205 shares of company stock worth $10,592,914. 4.50% of the stock is currently owned by company insiders.

About discoverIE Group

(Get Free Report)

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.

Featured Articles