IQE plc (IQE) Given Buy Rating at N+1 Singer
IQE plc (LON:IQE)‘s stock had its “buy” rating reaffirmed by analysts at N+1 Singer in a note issued to investors on Thursday. They currently have a GBX 35 ($0.47) target price on the stock. N+1 Singer’s price objective would suggest a potential upside of 29.63% from the company’s current price.
A number of other equities research analysts have also commented on IQE. Canaccord Genuity raised their price objective on shares of IQE plc from GBX 30 ($0.40) to GBX 40 ($0.53) and gave the stock a “buy” rating in a report on Tuesday. Peel Hunt restated a “buy” rating and set a GBX 33 ($0.44) price objective on shares of IQE plc in a report on Tuesday.
Shares of IQE plc (LON:IQE) opened at 27.125 on Thursday. IQE plc has a 12-month low of GBX 15.78 and a 12-month high of GBX 30.50. The firm’s 50-day moving average is GBX 26.31 and its 200-day moving average is GBX 21.35. The company’s market capitalization is GBX 181.16 million.
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About IQE plc
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. It is engaged in the sale of advanced semiconductor materials. Its operating segments are wireless, photonics and electronics.
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