discoverIE Group (LON:DSCV) Raised to Hold at Shore Capital

discoverIE Group (LON:DSCV) was upgraded by analysts at Shore Capital to a “hold” rating in a research note issued on Wednesday, Marketbeat.com reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 950 ($12.12) price target on shares of discoverIE Group in a research note on Tuesday, October 15th.

discoverIE Group Price Performance

The stock has a 50-day moving average of GBX 647.93 and a 200-day moving average of GBX 667.31. 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 stock has a market cap of £667.74 million, a price-to-earnings ratio of 4,562.86 and a beta of 1.09. discoverIE Group has a 52-week low of GBX 561 ($7.16) and a 52-week high of GBX 816 ($10.41).

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Clive Watson bought 4,126 shares of discoverIE Group stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of GBX 585 ($7.46) per share, for a total transaction of £24,137.10 ($30,798.90). Also, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of GBX 634 ($8.09) per share, for a total transaction of £49,591.48 ($63,278.65). 4.50% of the stock is currently owned by insiders.

About discoverIE Group

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.