IQE plc’s (IQE) Buy Rating Reaffirmed at N+1 Singer
IQE plc (LON:IQE)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a report released on Wednesday. They presently have a GBX 35 ($0.43) price target on the stock. N+1 Singer’s target price indicates a potential upside of 12.90% from the stock’s previous close.
IQE has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 30 ($0.37) target price on shares of IQE plc in a research note on Thursday, August 25th. Canaccord Genuity increased their price target on IQE plc from GBX 30 ($0.37) to GBX 40 ($0.49) and gave the stock a “buy” rating in a report on Tuesday, September 13th.
IQE plc (LON:IQE) opened at 30.9875 on Wednesday. IQE plc has a one year low of GBX 15.78 and a one year high of GBX 32.25. The firm has a 50-day moving average of GBX 29.18 and a 200-day moving average of GBX 23.13. The company’s market capitalization is GBX 206.59 million.
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About IQE plc
IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy.
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