DiscoverIE Group PLC gets price target hiked by Peel Hunt

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

Analysts now envisioned modified earnings in advance of tax of £29.6mln and earnings for each share of 24.5p, up eight% on their prior forecast.

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

With the purchase book toughness operating into next year with good good quality, very long-time period orders and a marginally lessen than envisioned desire cost, earnings forecasts for the next economic year were also lifted eight% to £32.3mln.

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