discoverIE Group plc (LON:DSCV) Insider Bruce Thompson Acquires 12,000 Shares

discoverIE Group plc (LON:DSCV) insider Bruce Thompson bought 12,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of GBX 544 ($7.05) per share, with a total value of £65,280 ($84,658.28).

discoverIE Group Stock Performance

Shares of DSCV stock opened at GBX 534 ($6.93) on Thursday. The company has a market cap of £517.61 million, a P/E ratio of 33.35 and a beta of 1.09. The firm has a fifty day moving average price of GBX 615.14 and a 200 day moving average price of GBX 638.76. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. discoverIE Group plc has a 12 month low of GBX 523 ($6.78) and a 12 month high of GBX 788 ($10.22).

Wall Street Analysts Forecast Growth

DSCV has been the subject of several recent research reports. Shore Capital reiterated a “hold” rating on shares of discoverIE Group in a research note on Thursday, January 30th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($12.32) target price on shares of discoverIE Group in a report on Monday, December 9th.

About discoverIE Group

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 and industrial & connectivity.

The Group employs c.4,500 people across 20 countries.