N+1 Singer reiterated their buy rating on shares of IQE plc (LON:IQE) in a research report sent to investors on Thursday. The firm currently has a GBX 35 ($0.46) price target on the stock.

A number of other equities research analysts have also recently issued reports on IQE. Canaccord Genuity reiterated a buy rating and issued a GBX 30 ($0.39) target price on shares of IQE plc in a research note on Tuesday, June 7th. Peel Hunt restated a buy rating and set a GBX 30 ($0.39) price objective on shares of IQE plc in a research note on Wednesday, July 20th.

IQE plc (LON:IQE) opened at 29.7501 on Thursday. The stock’s market capitalization is GBX 198.34 million. IQE plc has a 12-month low of GBX 15.78 and a 12-month high of GBX 30.72. The firm has a 50-day moving average of GBX 26.85 and a 200-day moving average of GBX 21.54.

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. It is engaged in the sale of advanced semiconductor materials. Its operating segments are wireless, photonics and electronics.

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