IQE plc (IQE) Stock Rating Reaffirmed by Peel Hunt
IQE plc (LON:IQE)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a note issued to investors on Thursday. They currently have a GBX 33 ($0.41) target price on the stock. Peel Hunt’s price target points to a potential upside of 10.92% from the company’s previous close.
Other research analysts have also recently issued reports about the company. N+1 Singer reissued a “buy” rating and set a GBX 35 ($0.43) target price on shares of IQE plc in a research note on Wednesday, October 19th. Canaccord Genuity boosted their target price on IQE plc from GBX 30 ($0.37) to GBX 40 ($0.50) and gave the stock a “buy” rating in a research note on Tuesday, September 13th.
IQE plc (LON:IQE) opened at 30.3351 on Thursday. The firm’s market capitalization is GBX 202.24 million. The stock has a 50 day moving average price of GBX 30.48 and a 200-day moving average price of GBX 24.12. IQE plc has a one year low of GBX 15.78 and a one year high of GBX 32.25.
In related news, insider Godfrey Ainsworth sold 119,958 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of GBX 30 ($0.37), for a total transaction of £35,987.40 ($44,577.48).
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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