Berenberg Bank Reaffirms “Buy” Rating for discoverIE Group (LON:DSCV)

Berenberg Bank reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Monday, Digital Look reports. They currently have a GBX 1,030 ($13.09) price target on the stock.

Separately, Shore Capital reiterated a hold rating on shares of discoverIE Group in a report on Thursday, April 18th.

discoverIE Group Stock Up 0.3 %

Shares of discoverIE Group stock opened at GBX 683 ($8.68) on Monday. The stock’s fifty day moving average is GBX 728.86 and its 200-day moving average is GBX 730.73. The firm has a market capitalization of £654.66 million, a PE ratio of 3,109.09 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 82.83. discoverIE Group has a 12-month low of GBX 586 ($7.45) and a 12-month high of GBX 944.68 ($12.00).

discoverIE Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a GBX 8.25 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.11%. This is an increase from discoverIE Group’s previous dividend of $3.75. discoverIE Group’s payout ratio is 5,454.55%.

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.