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IQE plc (LON:IQE)‘s stock had its “buy” rating restated by equities research analysts at FinnCap in a research note issued to investors on Tuesday.

IQE plc (LON:IQE) traded down 11.54% on Tuesday, hitting GBX 20.3461. The stock had a trading volume of 8,684,611 shares. IQE plc has a 1-year low of GBX 19.533 and a 1-year high of GBX 32.00. The stock’s 50-day moving average is GBX 21.97 and its 200-day moving average is GBX 22.64.

A number of other firms have also recently commented on IQE. Analysts at N+1 Singer reiterated a “buy” rating on shares of IQE plc in a research note on Wednesday, June 25th. They now have a GBX 28 ($0.48) price target on 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 presently has an average rating of “Buy” and an average target price of GBX 31 ($0.53).

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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