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IQE (LON:IQE)‘s stock had its “buy” rating restated by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 35 ($0.57) price target on the stock. Espirito Santo Investment Bank Research’s price objective would suggest a potential upside of 27.22% from the company’s current price.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at FinnCap reiterated a “buy” rating on shares of IQE in a research note to investors on Tuesday, January 14th. They now have a GBX 40 ($0.66) price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 41.71 ($0.68).

Shares of IQE (LON:IQE) traded up 5.81% on Tuesday, hitting GBX 27.5117. 9,444,920 shares of the company’s stock traded hands. IQE has a 1-year low of GBX 18.00 and a 1-year high of GBX 37.85. The stock has a 50-day moving average of GBX 23.79 and a 200-day moving average of GBX 26.06.

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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