IQE plc Surges to 52-Week High, Is Now Top Performer

 IQE plc Surges to 52 Week High, Is Now Top Performer

The stock of IQE plc (LON:IQE) hit a new 52-week high and has GBX 61.75 target or 90.00% above today’s GBX 32.50 share price. The 5 months bullish chart indicates low risk for the GBX 222.96 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 61.75 price target is reached, the company will be worth GBX 200.66 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.84% or GBX 1.5 on November 17, hitting GBX 32.5. About 4.99 million shares traded hands or 195.27% up from the average. IQE plc (LON:IQE) has risen 47.73% since April 20, 2016 and is uptrending. It has outperformed by 43.10% the S&P500.

IQE plc (LON:IQE) Ratings Coverage

Out of 3 analysts covering Iqe (LON:IQE), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 40 is the highest target while GBX 29 is the lowest. The GBX 36 average target is 10.77% above today’s (GBX 32.5) stock price. Iqe has been the topic of 17 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of IQE in a report on Thursday, November 10 with “Buy” rating. N+1 Singer maintained IQE plc (LON:IQE) rating on Thursday, September 15. N+1 Singer has “Buy” rating and GBX 35 price target. The stock of IQE plc (LON:IQE) earned “Buy” rating by Peel Hunt on Thursday, September 15. N+1 Singer maintained IQE plc (LON:IQE) rating on Wednesday, October 19. N+1 Singer has “Buy” rating and GBX 35 price target. The rating was maintained by Peel Hunt on Tuesday, September 13 with “Buy”. On Thursday, August 25 the stock rating was maintained by Peel Hunt with “Buy”. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 15. Canaccord Genuity maintained IQE plc (LON:IQE) rating on Tuesday, September 13. Canaccord Genuity has “Buy” rating and GBX 40 price target. The rating was maintained by N+1 Singer with “Buy” on Tuesday, September 15. The stock of IQE plc (LON:IQE) earned “Buy” rating by Canaccord Genuity on Tuesday, September 15.

More news for IQE plc (LON:IQE) were recently published by: Fool.Co.Uk, which released: “Is IQE plc A Better Buy Than Imagination Technologies Group plc, Spirent …” on March 24, 2015. Fool.Co.Uk‘s article titled: “IQE plc Sky-Rockets On Semiconductor Sales Growth” and published on January 20, 2015 is yet another important article.

IQE plc is a United Kingdom-based holding company. The company has a market cap of 222.96 million GBP. The Firm is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. It has a 8.84 P/E ratio. The Company’s divisions include wireless, photonics, Infra Red and CMOS++.

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