IQE plc 22.5% potential upside indicated by Barclays

IQE plc with ticker (LON:IQE) now has a potential upside of 22.5% according to Barclays.



Barclays set a target price of 42 GBX for the company, which when compared to the IQE plc share price of 33 GBX at opening today (20/01/2022) indicates a potential upside of 22.5%. Trading has ranged between 30 (52 week low) and 92 (52 week high) with an average of 1,515,142 shares exchanging hands daily. The market capitalisation at the time of writing is £254,329,224.

IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, design, development, manufacture and sale of compound semiconductor materials. It operates through three segments: Wireless, Photonics and CMOSS++. Wireless segment manufactures and sells compound semiconductor material for the wireless market, which includes radio frequency devices that enable wireless communications. Photonics segment manufactures and sells compound semiconductor material for the photonics market, which includes applications that either transmit or sense light, both visible and infrared. The CMOSS++ segment manufactures and sells semiconductor materials related to silicon, which include the combination of the properties of compound semiconductors with those of the silicon technologies. Its markets include industrial, healthcare, automotive, cloud, networking and Internet of Things (IoT), aerospace and defense, fifth generation (5G) network infrastructure and consumer mobile.