4 days Ago By ABMN Staff
Royal Bank of Canada upgraded shares of discoverIE Group ( LON:DSCV – Free Report ) to an outperform rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has GBX 600 ($7.94) target price on the stock, down from their prior target price of GBX 690 ($9.
13). Separately, Shore Capital restated a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th. Read Our Latest Stock Analysis on discoverIE Group discoverIE Group Stock Up 5.
0 % Insider Activity In other news, insider Bruce Thompson purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of GBX 544 ($7.20) per share, for a total transaction of £65,280 ($86,394.
92). Also, insider Clive Watson purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of GBX 543 ($7.
19) per share, with a total value of £27,150 ($35,931.71). Over the last three months, insiders have bought 17,175 shares of company stock valued at $9,349,400.
4.50% of the stock is currently owned by corporate insiders. discoverIE Group Company Profile ( Get Free Report ) 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.
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