discoverIE Group’s (DSCV) Hold Rating Reiterated at Shore Capital

Shore Capital reiterated their hold rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Thursday morning, MarketBeat.com reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($11.78) target price on shares of discoverIE Group in a research note on Monday, December 9th.

discoverIE Group Trading Up 0.5 %

Shares of LON DSCV opened at GBX 644 ($7.99) on Thursday. The company has a market cap of £617.85 million, a price-to-earnings ratio of 4,025.00 and a beta of 1.09. The stock’s 50 day simple moving average is GBX 681.93 and its 200 day simple moving average is GBX 659.38. discoverIE Group has a 12-month low of GBX 561 ($6.96) and a 12-month high of GBX 816 ($10.12). The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89.

discoverIE Group (LON:DSCV) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) earnings per share for the quarter. discoverIE Group had a return on equity of 5.12% and a net margin of 3.55%. Equities research analysts expect that discoverIE Group will post 37.5 EPS for the current year.

discoverIE Group Cuts Dividend

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

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.