Filtronic - edging higher again today, now 204.50p, SQC Target Price is 232p

Mark Watson-Mitchell - 16.02.2026

Active investors will, no doubt, have already noticed the much heavier dealing volume in the shares of Filtronic (LON:FTC) over the last couple of weeks since the Tuesday, 3rd February, release of the group's Interim Results.

The Sedgefield-based group, now capitalised at nearly £450m, is gaining evermore investor interest, helping to drive its shares a lot higher.

On pure investment grounds, they look vastly overpriced trading on some 70 times estimated earnings for the year to end-May 2026, so cautious investors would obviously stand back and watch what happens.

However, followers of the group will by now have realised that the shares enjoy price pushes to New Highs, before traders knock them back by 5% to 10% before letting them settle at the lower price, ahead of the next move forward.

Along the way, various items of positive corporate news help the cause - like fresh contract wins boosting the record Order Book.

Regular SQC Research readers must know just how convinced I am that this still-developing group is a real 'winner in the making' and it is building up its coterie of global customers, as well as investors.

It will take some years for the mega-profits to come through - however, I do believe that patient investors will win large in due course.

*** Please update by reading through my previous features ***

(Profile 04.02.22 @ 11.6p set a Target Price of 14.5p*)

(Profile 04.01.24 @ 21p set a Target Price of 24p*)

(Profile 26.06.24 @ 67p set a Target Price of 80p*)

(Profile 10.02.25 @ 103p set a Target Price of 150p*)

(Profile 03.12.25 @ 135p set a Target Price of 175p*)

(Profile 04.02.26 @ 186p set a Target Price of 232p)