discoverIE Group’s (DSCV) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a research note published on Monday, MarketBeat reports. The firm currently has a GBX 950 ($12.12) price target on the stock.

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

discoverIE Group Price Performance

Shares of LON:DSCV opened at GBX 724 ($9.24) on Monday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89. The stock has a market capitalization of £694.61 million, a PE ratio of 4,525.36 and a beta of 1.09. The firm’s 50 day moving average price is GBX 657.53 and its 200-day moving average price is GBX 666.50. discoverIE Group has a twelve month low of GBX 561 ($7.16) and a twelve month high of GBX 816 ($10.41).

discoverIE Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be paid a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 0.62%. The ex-dividend date is Thursday, December 12th. discoverIE Group’s payout ratio is 7,500.00%.

Insider Transactions at discoverIE Group

In other news, insider Simon Gibbins acquired 7,822 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($8.09) per share, with a total value of £49,591.48 ($63,262.51). Insiders own 4.50% of the company’s stock.

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.