IQE plc (LON:IQE) had its price objective raised by equities research analysts at Peel Hunt from GBX 105 ($1.37) to GBX 135 ($1.76) in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 11.57% from the company’s previous close.

Separately, Canaccord Genuity cut shares of IQE plc to a “speculative buy” rating and lifted their price objective for the company from GBX 69 ($0.90) to GBX 118 ($1.54) in a research note on Monday, June 26th.

Shares of IQE plc (LON IQE) opened at 126.25 on Thursday. The stock’s market capitalization is GBX 853.93 million. IQE plc has a 52 week low of GBX 24.25 and a 52 week high of GBX 130.12. The company’s 50-day moving average is GBX 94.13 and its 200 day moving average is GBX 66.81.

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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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