IQE plc (LON:IQE) Lifted to “Buy” at Canaccord Genuity
IQE plc (LON:IQE) was upgraded by investment analysts at Canaccord Genuity to a “buy” rating in a report issued on Thursday. The brokerage presently has a GBX 128 ($1.67) price objective on the stock, up from their previous price objective of GBX 118 ($1.54). Canaccord Genuity’s target price suggests a potential upside of 14.03% from the company’s previous close.
Separately, Peel Hunt upped their price target on IQE plc from GBX 100 ($1.31) to GBX 105 ($1.37) and gave the stock a “buy” rating in a research note on Thursday.
IQE plc (LON IQE) traded up 32.06% during trading on Thursday, hitting GBX 112.25. The stock had a trading volume of 15,066,468 shares. The firm’s market cap is GBX 759.24 million. The stock’s 50-day moving average is GBX 78.64 and its 200 day moving average is GBX 59.53. IQE plc has a one year low of GBX 21.50 and a one year high of GBX 112.25.
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IQE plc Company Profile
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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