Pure Wafer (LON:PUR) Price Target Raised to GBX 46

Pure Wafer (LON:PUR) had its price objective lifted by Peel Hunt from GBX 40 ($0.52) to GBX 46 ($0.60) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Shares of Pure Wafer stock opened at GBX 41 ($0.54) on Friday. Pure Wafer has a 1 year low of GBX 30 ($0.39) and a 1 year high of GBX 47.40 ($0.62). The company has a debt-to-equity ratio of 4.08, a current ratio of 3.80 and a quick ratio of 3.63. The company’s 50 day moving average is GBX 37.74.

In related news, insider Mark O’Dea bought 455,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average cost of GBX 34 ($0.44) per share, for a total transaction of £154,700 ($202,142.95).

About Pure Wafer

Pure Wafer plc is a United Kingdom-based holding company. The Company is engaged in provision of silicon wafer reclaim services and the provision of management services to its trading subsidiaries. The Company cleans and polishes silicon wafers (test wafers) sent for reclaim by the semiconductor manufacturers.

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