discoverIE Group (LON:DSCV) Upgraded by Royal Bank of Canada to "Outperform" Rating

discoverIE Group (LON:DSCV - Get Free Report) was upgraded by equities researchers at Royal Bank of Canada to an "outperform" rating in a research report issued on Tuesday, MarketBeat.com reports. The firm currently has a GBX 600 ($7.98) price target on the stock, down from their previous price target of GBX 690 ($9.17). Royal Bank of Canada's target price would indicate a potential upside of 7.14% from the stock's previous close.

Separately, Shore Capital reiterated a "hold" rating on shares of discoverIE Group in a research note on Thursday, January 30th.

discoverIE Group Stock Performance

LON DSCV remained flat at GBX 560 ($7.45) during trading hours on Tuesday. The company had a trading volume of 185,792 shares, compared to its average volume of 416,532. discoverIE Group has a 52-week low of GBX 472.50 ($6.28) and a 52-week high of GBX 788 ($10.48). The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The stock has a market cap of £542.81 million, a PE ratio of 34.98 and a beta of 1.09. The company's 50-day moving average is GBX 551.64 and its two-hundred day moving average is GBX 623.86.

Insider Buying and Selling

In other news, insider Bruce Thompson acquired 12,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of GBX 544 ($7.23) per share, with a total value of £65,280 ($86,796.97). Also, insider Clive Watson acquired 5,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of GBX 543 ($7.22) per share, with a total value of £27,150 ($36,098.92). Insiders have purchased a total of 17,175 shares of company stock valued at $9,349,400 over the last ninety days. Company insiders own 4.50% of the company's stock.

discoverIE Group Company Profile

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.