Shore Capital Reaffirms Hold Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating reiterated by equities research analysts at Shore Capital in a research note issued on Thursday,Digital Look reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 950 ($11.83) target price on shares of discoverIE Group in a report on Monday, December 9th.

discoverIE Group Trading Up 1.6 %

Shares of DSCV stock traded up GBX 10 ($0.12) during mid-day trading on Thursday, hitting GBX 641 ($7.98). 159,967 shares of the company’s stock were exchanged, compared to its average volume of 492,178. The stock has a market cap of £614.98 million, a price-to-earnings ratio of 4,006.25 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89. discoverIE Group has a fifty-two week low of GBX 561 ($6.98) and a fifty-two week high of GBX 816 ($10.16). The stock has a 50-day simple moving average of GBX 681.81 and a two-hundred day simple moving average of GBX 660.06.

discoverIE Group (LON:DSCV) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) EPS for the quarter. discoverIE Group had a return on equity of 5.12% and a net margin of 3.55%. Equities analysts expect that discoverIE Group will post 37.5 EPS for the current fiscal year.

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.