discoverIE Group plc (LON:DSCV - Get Free Report) insider Simon Gibbins acquired 4,237 shares of the company's stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of GBX 683 ($8.66) per share, for a total transaction of £28,938.71 ($36,710.28).
discoverIE Group Stock Performance
Shares of LON DSCV opened at GBX 675 ($8.56) on Friday. The business has a fifty day simple moving average of GBX 721.64 and a 200 day simple moving average of GBX 731.08. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 82.83. The firm has a market capitalization of £646.99 million, a price-to-earnings ratio of 3,068.18 and a beta of 1.05. discoverIE Group plc has a one year low of GBX 586 ($7.43) and a one year high of GBX 900 ($11.42).
discoverIE Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 8.25 ($0.10) per share. This is a positive change from discoverIE Group's previous dividend of $3.75. This represents a yield of 1.11%. The ex-dividend date is Thursday, June 27th. discoverIE Group's dividend payout ratio is currently 5,454.55%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,030 ($13.07) target price on shares of discoverIE Group in a research report on Monday, June 17th. Shore Capital reaffirmed a "hold" rating on shares of discoverIE Group in a research report on Thursday, April 18th.
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About discoverIE Group
(
Get Free Report)
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.
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