Simon Gibbins Acquires 7,822 Shares of discoverIE Group plc (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 7,822 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74).

Simon Gibbins also recently made the following trade(s):

• On Monday, August 5th, Simon Gibbins bought 5,005 shares of discoverIE Group stock. The stock was purchased at an average price of GBX 612 ($7.99) per share, for a total transaction of £30,630.60 ($39,998.17).

discoverIE Group Trading Up 1.6 %

Shares of LON DSCV opened at GBX 652 ($8.51) on Thursday. The stock has a market capitalization of £625.53 million, a P/E ratio of 4,075.00 and a beta of 1.09. The business’s 50 day moving average is GBX 612.70 and its two-hundred day moving average is GBX 682.23. discoverIE Group plc has a 1-year low of GBX 561 ($7.33) and a 1-year high of GBX 816 ($10.66). The company has a debt-to-equity ratio of 77.89, a current ratio of 1.55 and a quick ratio of 0.96.

Analysts Set New Price Targets

Several brokerages have weighed in on DSCV. Shore Capital reissued a “sell” rating on shares of discoverIE Group in a research note on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 950 ($12.41) price objective on shares of discoverIE Group in a research note on Tuesday.

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.