May 18, 2024


The business lovers

DiscoverIE Group PLC gets price target hiked by Peel Hunt

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

Analysts now expected adjusted revenue right before tax of £29.6mln and earnings per share of 24.5p, up 8{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} on their former forecast.

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

With the get ebook strength managing into future calendar year with very good high-quality, prolonged-phrase orders and a a little bit decreased than expected desire cost, revenue forecasts for the future economical calendar year were also lifted 8{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} to £32.3mln.

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