discoverIE Group plc (LON:DSCV) Insider Clive Watson Purchases 175 Shares

discoverIE Group plc (LON:DSCV) insider Clive Watson acquired 175 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of GBX 608 ($7.65) per share, for a total transaction of £1,064 ($1,338.53).

discoverIE Group Stock Down 0.3 %

discoverIE Group stock opened at GBX 588 ($7.40) on Monday. The company has a market cap of £569.95 million, a P/E ratio of 36.73 and a beta of 1.09. discoverIE Group plc has a 1-year low of GBX 561 ($7.06) and a 1-year high of GBX 788 ($9.91). The company has a fifty day simple moving average of GBX 669.32 and a 200 day simple moving average of GBX 649.59. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.

discoverIE Group (LON:DSCV) last released 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 net margin of 3.55% and a return on equity of 5.10%. Research analysts anticipate that discoverIE Group plc will post 37.5 earnings per share for the current fiscal year.

discoverIE Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, December 12th were given a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, December 12th. discoverIE Group’s dividend payout ratio (DPR) is presently 74.95%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($11.95) target price on shares of discoverIE Group in a report on Monday, December 9th. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a research 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.