Insider Buying: Clive Watson Acquires Shares in discoverIE Group plc

On February 12th, Clive Watson, an insider at discoverIE Group plc (LON:DSCV), added 175 shares of the company to his holdings. The shares were acquired at an average price of GBX 608, which translates to about $7.65 per share. The total cost for this transaction was £1,064 or approximately $1,339.21.

discoverIE Group Stock Overview

As of the last trading session on Friday, shares of discoverIE Group opened at GBX 588, equivalent to $7.40. The company has a market capitalization of £569.95 million, a price-to-earnings (PE) ratio of 36.73, and a beta of 1.09, indicating a slight volatility compared to the market. The fifty-day moving average stands at GBX 669.32, while the 200-day moving average is at GBX 650.62. The company's debt-to-equity ratio is 77.88, the quick ratio is 0.96, and the current ratio is 1.55. Over the past year, the stock reached a low of GBX 561 ($7.06) and a high of GBX 788 ($9.92).

discoverIE Group most recently reported its quarterly earnings on December 3rd, where it disclosed an earnings per share (EPS) of GBX 18.40, or $0.23. The company maintains a net profit margin of 3.55% and a return on equity of 5.10%. Analysts estimate that discoverIE Group will achieve an EPS of 37.5 for the present financial year.

Recent Dividend Announcement

In recent news, discoverIE Group declared a dividend that was paid out on January 24th. Shareholders who were on record as of December 12th, received a dividend payment of GBX 3.90 ($0.05) per share. This dividend resulted in a yield of 0.62%, with the company currently having a dividend payout ratio of 74.95%.

Analyst Ratings

Analysts have made various recommendations regarding discoverIE Group shares. On January 30th, Shore Capital reaffirmed its "hold" rating. Meanwhile, a report from Berenberg Bank, dated December 9th, assigned a "buy" rating and set a target price of GBX 950 ($11.96) for the shares.

About discoverIE Group plc

discoverIE Group plc is an international entity engaged in the design and manufacturing of innovative electronic components for industrial applications. It supplies specialized components to original equipment manufacturers (OEMs) globally, focusing on growth-oriented markets. These markets include renewable energy, medical, transportation, and industrial connectivity, employing approximately 4,500 individuals across 20 countries.

insider, buying, stocks