discoverIE Group plc (LON:DSCV) Insider Clive Watson Acquires 5,000 Shares

discoverIE Group plc (LON:DSCV) insider Clive Watson purchased 5,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of GBX 543 ($6.90) per share, for a total transaction of £27,150 ($34,502.48).

Clive Watson also recently made the following trade(s):

• On Wednesday, February 12th, Clive Watson acquired 175 shares of discoverIE Group stock. The shares were acquired at an average price of GBX 608 ($7.73) per share, with a total value of £1,064 ($1,352.14).

discoverIE Group Stock Performance

DSCV stock traded down GBX 9 ($0.11) during midday trading on Tuesday, hitting GBX 533 ($6.77). 8,885,418 shares of the company traded hands, compared to its average volume of 537,007. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88. The business has a 50 day simple moving average of GBX 635.90 and a 200-day simple moving average of GBX 642.73. The stock has a market capitalization of £516.64 million, a price-to-earnings ratio of 33.29 and a beta of 1.09. discoverIE Group plc has a twelve month low of GBX 530 ($6.74) and a twelve month high of GBX 788 ($10.01).

discoverIE Group (LON:DSCV) last released its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. As a group, equities research analysts predict that discoverIE Group plc will post 37.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on DSCV shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 ($12.07) target price on shares of discoverIE Group in a research note on Monday, December 9th. Shore Capital reissued 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.