discoverIE Group plc (LON:DSCV) Insider Buys £28,938.71 in Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins purchased 4,237 shares of discoverIE Group stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average cost of GBX 683 ($8.66) per share, for a total transaction of £28,938.71 ($36,710.28).

discoverIE Group Stock Performance

LON:DSCV opened at GBX 671 ($8.51) on Friday. discoverIE Group plc has a fifty-two week low of GBX 586 ($7.43) and a fifty-two week high of GBX 900 ($11.42). The company has a debt-to-equity ratio of 82.83, a quick ratio of 0.96 and a current ratio of 1.50. The company has a 50 day moving average price of GBX 721.32 and a 200 day moving average price of GBX 730.72. The stock has a market capitalization of £643.15 million, a P/E ratio of 3,050.00 and a beta of 1.05.

discoverIE Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 8.25 ($0.10) per share. This is a positive change from discoverIE Group’s previous dividend of $3.75. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, June 27th. discoverIE Group’s dividend payout ratio (DPR) is currently 5,454.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DSCV shares. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a research note on Thursday, April 18th. Berenberg Bank reissued a “buy” rating and set a GBX 1,030 ($13.07) price objective on shares of discoverIE Group in a research report on Monday, June 17th.

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.