IQE plc with ticker (LON:IQE) now has a potential upside of 34.1% according to Canaccord Genuity.
Canaccord Genuity set a target price of 55 GBX for the company, which when compared to the IQE plc share price of 36 GBX at opening today (02/12/2021) indicates a potential upside of 34.1%. Trading has ranged between 33 (52 week low) and 92 (52 week high) with an average of 2,399,936 shares exchanging hands daily. The market capitalisation at the time of writing is £277,166,376.
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. Its photonics business enables a range of end applications, from data communications and advanced optical-fibers, to sensors in consumer and industrial applications. It operates through business units, including wireless, photonics, InfraRed, CPV (advanced solar), power switching, light emitting diodes (LEDs) and advanced electronics. It produces atomically engineered layers of crystalline materials containing a range of semiconductor materials, such as gallium, arsenic, aluminum, indium and phosphorous. The Company has operations in the United States, Asia and Europe.
IQE plc 34.1% potential upside indicated by Canaccord Genuity
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- Written by: Anthony Fox
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IQE plc appoints Mark Cubitt as Non-executive Director and future Chair, bringing extensive technology and financial expertise to the Board.
IQE plc (LON:IQE), a top supplier of compound semiconductor wafer products, will hold its AGM today at 9:00am in London, with in-person and webcast options.
