IQE PT Lowered to GBX 22 (IQE)
Research analysts at Liberum Capital cut their price target on shares of IQE (LON:IQE) from GBX 27 ($0.44) to GBX 22 ($0.36) in a report released on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 3.53% from the stock’s previous close.
IQE (LON:IQE) traded down 2.27% during mid-day trading on Wednesday, hitting GBX 21.50. 4,018,991 shares of the company’s stock traded hands. IQE has a one year low of GBX 18.00 and a one year high of GBX 37.85. The stock’s 50-day moving average is GBX 23.46 and its 200-day moving average is GBX 26.03.
A number of other analysts have also recently weighed in on IQE. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of IQE in a research note on Tuesday, January 21st. They now have a GBX 35 ($0.57) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of IQE in a research note on Tuesday, January 21st. They now have a GBX 35 ($0.57) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of IQE in a research note on Tuesday, January 21st. They now have a GBX 95 ($1.56) 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 41 ($0.67).
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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