Canaccord Genuity Raises IQE plc (IQE) Price Target to GBX 51
IQE plc (LON:IQE) had its price target boosted by investment analysts at Canaccord Genuity from GBX 40 ($0.50) to GBX 51 ($0.64) in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 56.92% from the company’s current price.
IQE has been the subject of a number of other reports. N+1 Singer reaffirmed a “buy” rating and set a GBX 35 ($0.44) price target on shares of IQE plc in a research report on Thursday, September 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 30 ($0.37) price target on shares of IQE plc in a research report on Thursday, August 25th.
IQE plc (LON:IQE) opened at 33.7126 on Friday. The stock’s market cap is GBX 224.76 million. IQE plc has a one year low of GBX 15.78 and a one year high of GBX 34.00. The firm’s 50 day moving average price is GBX 30.46 and its 200 day moving average price is GBX 24.43.
In other IQE plc news, insider Godfrey Ainsworth sold 119,958 shares of the business’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of GBX 30 ($0.37), for a total value of £35,987.40 ($44,961.77).
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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