June 18, 2024

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DiscoverIE Group PLC gets price target hiked by Peel Hunt

Broker Peel Hunt upgraded its forecasts and focus on price for discoverIE Group PLC () after the company’s upbeat trading update.

Analysts now envisioned modified gain before tax of £29.6mln and earnings for each share of 24.5p, up 8% on their previous forecast.

The broker’s focus on price was hiked to 835p from 775p and it reiterated its ‘buy’ recommendation.

With the buy reserve power functioning into upcoming year with very good high-quality, extensive-time period orders and a a little bit lower than envisioned fascination charge, gain forecasts for the upcoming monetary year have been also lifted 8% to £32.3mln.

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