DiscoverIE Group PLC gets price target hiked by Peel Hunt

Truman Slate

Broker Peel Hunt upgraded its forecasts and target cost for discoverIE Team PLC () after the company’s upbeat buying and selling update.

Analysts now expected adjusted revenue prior to tax of £29.6mln and earnings for each share of 24.5p, up eight% on their preceding forecast.

The broker’s target cost was hiked to 835p from 775p and it reiterated its ‘buy’ recommendation.

With the buy reserve strength working into next yr with superior top quality, extended-phrase orders and a a little bit decreased than expected curiosity charge, revenue forecasts for the next money yr were being also lifted eight% to £32.3mln.

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