discoverIE Group (LON:DSCV) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV) in a research report report published on Tuesday morning, MarketBeat reports. They currently have a GBX 950 ($12.41) price objective on the stock.

Separately, Shore Capital reaffirmed a “sell” rating on shares of discoverIE Group in a report on Tuesday.

discoverIE Group Price Performance

LON DSCV opened at GBX 663 ($8.66) on Tuesday. discoverIE Group has a 1 year low of GBX 561 ($7.33) and a 1 year high of GBX 816 ($10.66). The business’s fifty day moving average is GBX 613.32 and its two-hundred day moving average is GBX 681.63. The stock has a market capitalization of £636.08 million, a P/E ratio of 4,141.52 and a beta of 1.09. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55.

Insider Buying and Selling

In other discoverIE Group news, insider Clive Watson purchased 252 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of GBX 623 ($8.14) per share, with a total value of £1,569.96 ($2,050.09). In related news, insider Simon Gibbins bought 7,822 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). Also, insider Clive Watson purchased 252 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of GBX 623 ($8.14) per share, for a total transaction of £1,569.96 ($2,050.09). In the last 90 days, insiders bought 17,205 shares of company stock valued at $10,592,914. Company insiders own 4.50% of the company’s stock.

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.