Insider Buying: discoverIE Group plc (LON:DSCV) Insider Buys 12,000 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Bruce Thompson acquired 12,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of GBX 544 ($7.05) per share, for a total transaction of £65,280 ($84,658.28).

discoverIE Group Trading Down 0.7 %

DSCV opened at GBX 534 ($6.93) on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88. discoverIE Group plc has a 52 week low of GBX 523 ($6.78) and a 52 week high of GBX 788 ($10.22). The business’s 50 day moving average is GBX 615.14 and its two-hundred day moving average is GBX 638.76. The firm has a market cap of £517.61 million, a price-to-earnings ratio of 33.35 and a beta of 1.09.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($12.32) target price on shares of discoverIE Group in a research report on Monday, December 9th. Shore Capital reaffirmed a “hold” rating on shares of discoverIE Group in a report on Thursday, January 30th.

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.