DiscoverIE Group PLC gets price target hiked by Peel Hunt

Broker Peel Hunt upgraded its forecasts and goal cost for discoverIE Team PLC () right after the company’s upbeat trading update.

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

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

With the get ebook strength operating into future year with great high-quality, lengthy-phrase orders and a marginally lower than predicted interest demand, earnings forecasts for the future monetary year had been also lifted eight% to £32.3mln.

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