IQE Stock Rating Reaffirmed by Nplus1 Brewin (IQE)
IQE (LON:IQE)‘s stock had its “buy” rating reaffirmed by analysts at Nplus1 Brewin in a research report issued to clients and investors on Thursday, American Banking & Market News reports. They currently have a GBX 45 ($0.71) price objective on the stock. Nplus1 Brewin’s price objective would suggest a potential upside of 47.54% from the stock’s previous close.
Shares of IQE (LON:IQE) opened at 31.15 on Thursday. IQE has a one year low of GBX 18.00 and a one year high of GBX 38.00. The stock has a 50-day moving average of GBX 28.51 and a 200-day moving average of GBX 24.76.
A number of other analysts have also recently weighed in on IQE. Analysts at N+1 Singer reiterated a “buy” rating on shares of IQE (LON:IQE) in a research note to investors on Thursday. They now have a GBX 45 ($0.71) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of IQE (LON:IQE) in a research note to investors on Thursday, August 8th. They now have a GBX 65 ($1.03) price target on the stock.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 45.83 ($0.73).
IQE plc is a holding company. The Company is engaged in the development, manufacture and sale of advanced semiconductor materials, and provision of services to subsidiary companies.
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