Noble Financial analyst Christian Herbosa maintained a Buy rating on IEC Electronics (IEC) on February 7 and set a price target of $9.50. The company’s shares closed on Friday at $7.92, close to its 52-week high of $7.99.
Currently, the analyst consensus on IEC Electronics is a Moderate Buy with an average price target of $10, which is a 26.3% upside from current levels. In a report issued on February 7, Maxim Group also reiterated a Buy rating on the stock with a $10 price target.
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IEC Electronics’ market cap is currently $81.25M and has a P/E ratio of 6.94. The company has a Price to Book ratio of 3.
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IEC Electronics Corp. provides electronic manufacturing services to technology companies that produce products for the medical, industrial, aerospace and defense sectors. It delivers technical solutions for the custom manufacturing, product configuration, and verification testing of engineered products.
