IQE’s “Hold” Rating Reaffirmed at Liberum Capital (IQE)
IQE (LON:IQE)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Friday, ARN reports. They currently have a GBX 27 ($0.44) target price on the stock. Liberum Capital’s target price suggests a potential upside of 22.73% from the stock’s previous close.
IQE (LON:IQE) opened at 22.00 on Friday. IQE has a one year low of GBX 18.00 and a one year high of GBX 37.85. The stock has a 50-day moving average of GBX 24.1 and a 200-day moving average of GBX 25.79.
A number of other firms have also recently commented on IQE. Analysts at N+1 Singer reiterated a “buy” rating on shares of IQE in a research note to investors on Monday, January 6th. They now have a GBX 35 ($0.57) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of IQE in a research note to investors on Wednesday, December 11th. They now have a GBX 35 ($0.57) price target on the stock. Finally, analysts at Nplus1 Brewin cut their price target on shares of IQE from GBX 45 ($0.74) to GBX 35 ($0.57) in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. IQE has a consensus rating of “Buy” and an average target price of GBX 36 ($0.59).
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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