discoverIE Group (LON:DSCV) Receives “Buy” Rating from Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 950 ($12.11) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 31.22% from the company’s current price.

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

discoverIE Group Stock Up 0.4 %

DSCV stock traded up GBX 3 ($0.04) during trading on Monday, hitting GBX 724 ($9.23). 277,937 shares of the company’s stock traded hands, compared to its average volume of 212,207. The business has a fifty day simple moving average of GBX 652.85 and a two-hundred day simple moving average of GBX 666.19. 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 1 year low of GBX 561 ($7.15) and a 1 year high of GBX 816 ($10.40). The firm has a market capitalization of £694.61 million, a P/E ratio of 4,525.00 and a beta of 1.09.

Insider Buying and Selling

In other discoverIE Group news, insider Simon Gibbins acquired 7,822 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of GBX 634 ($8.08) per share, for a total transaction of £49,591.48 ($63,214.12). Also, insider Clive Watson acquired 4,126 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of GBX 585 ($7.46) per share, with a total value of £24,137.10 ($30,767.50). 4.50% of the stock is currently owned by 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.