IQE plc Given “Buy” Rating at Canaccord Genuity (IQE)
IQE plc (LON:IQE)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 35 ($0.58) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 89.19% from the stock’s previous close.
Shares of IQE plc (LON:IQE) opened at 18.40 on Thursday. IQE plc has a 52 week low of GBX 16.25 and a 52 week high of GBX 32.00. The stock has a 50-day moving average of GBX 19.60 and a 200-day moving average of GBX 21.75.
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of IQE plc in a research note on Tuesday, July 22nd. They now have a GBX 28 ($0.46) price target on the stock. Separately, analysts at FinnCap reiterated a “buy” rating on shares of IQE plc in a research note on Tuesday, July 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. IQE plc has a consensus rating of “Buy” and an average price target of GBX 31 ($0.51).
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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