Berenberg Bank Reaffirms “Buy” Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Monday, MarketBeat reports. They presently have a GBX 950 ($12.14) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 31.22% from the stock’s previous close.

Separately, Shore Capital upgraded shares of discoverIE Group to a “hold” rating in a research note on Wednesday, December 4th.

discoverIE Group Stock Up 0.4 %

discoverIE Group stock opened at GBX 724 ($9.25) on Monday. The company has a market capitalization of £694.61 million, a P/E ratio of 4,525.00 and a beta of 1.09. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55. discoverIE Group has a fifty-two week low of GBX 561 ($7.17) and a fifty-two week high of GBX 816 ($10.43). The stock has a 50-day simple moving average of GBX 655.17 and a 200-day simple moving average of GBX 666.11.

Insider Activity at discoverIE Group

In related news, insider Clive Watson acquired 4,126 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of GBX 585 ($7.47) per share, for a total transaction of £24,137.10 ($30,838.25). Also, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($8.10) per share, for a total transaction of £49,591.48 ($63,359.50). 4.50% of the stock is currently 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.