IQE Receives “Buy” Rating from Canaccord Genuity (IQE)
IQE (LON:IQE)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Tuesday, ARN reports. They currently have a GBX 35 ($0.57) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 27.22% from the company’s current price.
IQE (LON:IQE) traded up 5.81% on Tuesday, hitting GBX 27.5117. 9,444,920 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
IQE has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday. They now have a GBX 35 ($0.57) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday. They now have a GBX 95 ($1.56) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday. They now have a GBX 35 ($0.57) price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 41.71 ($0.68).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.