DiscoverIE Group PLC gets price target hiked by Peel Hunt

Broker Peel Hunt upgraded its forecasts and goal value for discoverIE Team PLC () just after the company’s upbeat investing update.

Analysts now anticipated adjusted profit prior to tax of £29.6mln and earnings per share of 24.5p, up eight% on their previous forecast.

The broker’s goal value was hiked to 835p from 775p and it reiterated its ‘buy’ advice.

With the buy ebook toughness jogging into up coming year with fantastic excellent, extensive-expression orders and a a little lower than anticipated fascination charge, profit forecasts for the up coming economical year ended up also lifted eight% to £32.3mln.

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