Shore Capital Reaffirms “Sell” Rating for discoverIE Group (LON:DSCV)

Shore Capital restated their sell rating on shares of discoverIE Group (LON:DSCV) in a research note released on Tuesday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,030 ($13.45) price objective on shares of discoverIE Group in a report on Monday, June 17th.

discoverIE Group Stock Up 1.7 %

Shares of DSCV opened at GBX 663 ($8.66) on Tuesday. The company’s 50-day moving average price is GBX 613.32 and its 200 day moving average price is GBX 681.63. discoverIE Group has a 12-month low of GBX 561 ($7.33) and a 12-month high of GBX 816 ($10.66). The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. The firm has a market cap of £636.08 million, a P/E ratio of 4,141.52 and a beta of 1.09.

Insider Activity at discoverIE Group

In other news, insider Simon Gibbins bought 7,822 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). In other discoverIE Group news, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). Also, insider Clive Watson purchased 4,126 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of GBX 585 ($7.64) per share, with a total value of £24,137.10 ($31,518.80). In the last 90 days, insiders have bought 17,205 shares of company stock worth $10,592,914. 4.50% of the stock is currently owned by company insiders.

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.