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IQE (LON:IQE)‘s stock had its “buy” rating restated by Nplus1 Brewin in a research note issued on Tuesday, AnalystRatings.Net reports. They currently have a GBX 95 ($1.56) price target on the stock. Nplus1 Brewin’s target price would suggest a potential upside of 245.31% from the company’s current price.

IQE (LON:IQE) traded up 5.81% on Tuesday, hitting GBX 27.5117. The stock had a trading volume of 9,444,920 shares. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of IQE in a research note to investors on Friday, January 10th. They now have a GBX 27 ($0.44) price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. IQE presently has a consensus rating of “Buy” and an average 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.

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