18/10/2021

Tannochbrae

Built Business Tough

DiscoverIE Group PLC gets price target hiked by Peel Hunt

Broker Peel Hunt upgraded its forecasts and concentrate on rate for discoverIE Group PLC () just after the company’s upbeat investing update.

Analysts now anticipated adjusted income ahead of tax of £29.6mln and earnings for every share of 24.5p, up eight% on their preceding forecast.

The broker’s concentrate on rate was hiked to 835p from 775p and it reiterated its ‘buy’ advice.

With the get ebook toughness operating into up coming calendar year with great high-quality, very long-expression orders and a slightly decreased than anticipated curiosity charge, income forecasts for the up coming financial calendar year had been also lifted eight% to £32.3mln.

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