IQE plc (LON:IQE)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report issued on Wednesday. They currently have a GBX 150 ($1.94) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 14.50% from the stock’s current price.

Separately, Canaccord Genuity upgraded IQE plc to a “buy” rating and increased their price target for the stock from GBX 118 ($1.52) to GBX 128 ($1.65) in a research note on Thursday, July 20th.

IQE plc (IQE) traded down 0.95% during midday trading on Wednesday, reaching GBX 131.00. The company had a trading volume of 6,157,309 shares. The firm has a 50-day moving average price of GBX 130.90 and a 200-day moving average price of GBX 84.12. IQE plc has a 52 week low of GBX 27.00 and a 52 week high of GBX 160.00. The company’s market capitalization is GBX 898.52 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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