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On Thursday, Redburn-Atlantic analysts reaffirmed their Buy rating and £7.95 price target for DiscoverIE Group Plc (LSE:DSCV). The decision follows the company’s fiscal year 2025 results, which demonstrated continued recovery trends that began in the first half of the year and persisted into the second half.
The analysts noted improvements in sequential orders and organic revenue, attributing these gains to DiscoverIE’s effective cost management, which supported profitability for the fiscal year 2025. While the underlying revenue and adjusted operating profit estimates for fiscal year 2026 remain largely unchanged, adjustments were made to account for recent disposals.
Additionally, the analysts reduced their interest charge estimates due to lower net debt levels achieved by DiscoverIE in fiscal year 2025. They also updated the tax rate for fiscal year 2026 to 25%, down from 26%, leading to a 2.1% increase in the adjusted earnings per share estimate for that year.
The report also introduced estimates for fiscal year 2029, reinforcing the analysts’ confidence in DiscoverIE’s financial outlook. The Buy recommendation and price target of £7.95 were maintained, reflecting the analysts’ positive view of the company’s performance and future potential.
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