Peel Hunt reissued their buy rating on shares of IQE plc (LON:IQE) in a research note issued to investors on Wednesday. The firm currently has a GBX 150 ($1.94) price objective on the stock.

Separately, Canaccord Genuity cut IQE plc to a speculative buy rating and lifted their price target for the stock from GBX 69 ($0.89) to GBX 118 ($1.52) in a research note on Monday, June 26th.

Shares of IQE plc (LON:IQE) opened at 131.00 on Wednesday. IQE plc has a one year low of GBX 27.00 and a one year high of GBX 160.00. The company has a 50-day moving average price of GBX 130.90 and a 200 day moving average price of GBX 84.12. The company’s market capitalization is GBX 886.06 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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