The stock of IQE plc (LON:IQE) hit a new 52-week high and has GBX 37.08 target or 3.00% above today’s GBX 36.00 share price. The 6 months bullish chart indicates low risk for the GBX 242.85M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the GBX 37.08 price target is reached, the company will be worth GBX 7.29 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 closed at GBX 36 during the last session. It is up 77.78% since April 28, 2016 and is uptrending. It has outperformed by 71.76% 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 51 is the highest target while GBX 29 is the lowest. The GBX 39.67 average target is 10.19% above today’s (GBX 36) stock price. Iqe has been the topic of 18 analyst reports since September 15, 2015 according to StockzIntelligence Inc. N+1 Singer maintained the shares of IQE in a report on Tuesday, September 15 with “Buy” rating. On Thursday, September 15 the stock rating was maintained by Peel Hunt with “Buy”. Peel Hunt maintained IQE plc (LON:IQE) on Wednesday, May 4 with “Buy” rating. On Monday, August 15 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by N+1 Singer on Thursday, December 10 with “Buy”. As per Tuesday, September 13, the company rating was maintained by Canaccord Genuity. Peel Hunt maintained the stock with “Buy” rating in Thursday, August 25 report. N+1 Singer maintained IQE plc (LON:IQE) on Wednesday, October 19 with “Buy” rating. On Tuesday, September 15 the stock rating was maintained by Canaccord Genuity with “Buy”. As per Friday, November 18, the company rating was maintained by Canaccord Genuity.
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 242.85 million GBP. The Firm is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. It has a 9.8 P/E ratio. The Company’s divisions include wireless, photonics, Infra Red and CMOS++.
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