IQE PLC (LON:IQE) had its stock rating retained as ‘Buy’ in a report released by analysts at N+1 Singer.
N+1 Singer today set a target price of 35 on the company’s stock. According to the analyst this now indicates there is a potential increase of 11.11% from IQE PLC’s current price of 31.5.
Over the last twelve months IQE PLC’s stock price has increased by 28.57% from 24.5 to 31.5.
There are currently 666,683,000 shares in issue with a current share value of 31.5 giving IQE PLC a market capitalisation of 210.01M GBp .
IQE PLC (LON:IQE) has a 50 day moving average of 29.18 and a 200 day moving average of 23.13. The 52 week high for the share price is 32.25 while the 52 week low for the stock is 15.78.
IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy. Its photonics business enables a range of end applications, from data communications and advanced optical-fibers, to sensors in consumer and industrial applications. It operates through business units, including wireless, photonics, InfraRed, CPV (advanced solar), power switching, light emitting diodes (LEDs) and advanced electronics. It produces atomically engineered layers of crystalline materials containing a range of semiconductor materials, such as gallium, arsenic, aluminum, indium and phosphorous. The Company has operations in the United States, Asia and Europe.