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IQE plc (LON:IQE)‘s stock had its “buy” rating reaffirmed by stock analysts at FinnCap in a report issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of IQE plc in a research note on Friday, June 20th. They now have a GBX 35 ($0.60) price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 31 ($0.53).

Shares of IQE plc (LON:IQE) traded up 1.85% during mid-day trading on Wednesday, hitting GBX 22.1513. The stock had a trading volume of 3,207,304 shares. IQE plc has a 52-week low of GBX 18.00 and a 52-week high of GBX 32.00. The stock has a 50-day moving average of GBX 22.14 and a 200-day moving average of GBX 22.83.

IQE plc is a United Kingdom-based holding company. The Company is engaged in the development, manufacture and sale of advanced semiconductor materials, and provision of services to subsidiary companies, and the research, development and provision of engineering consultancy Services to the Compound semiconductor industry.

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