discoverIE (LSE: DSCV) is an international group of businesses that designs, manufactures and supplies highly differentiated, innovative components for electronics applications.
The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating revenue basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.
The broker’s new price target is 590p and ‘buy’ the investment rating.
