Peel Hunt reissued their buy rating on shares of IQE (LON:IQE) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently issued reports on IQE. Barclays cut their target price on shares of IQE from GBX 84 ($1.10) to GBX 80 ($1.05) and set an overweight rating for the company in a research note on Tuesday, May 28th. Deutsche Bank reiterated a hold rating on shares of IQE in a research note on Friday, July 12th. Peel Hunt reiterated a buy rating and issued a GBX 108 ($1.41) target price on shares of IQE in a research note on Friday, June 21st. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 85 ($1.11) target price on shares of IQE in a research note on Friday, August 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. IQE presently has a consensus rating of Buy and an average target price of GBX 89 ($1.16).
LON:IQE opened at GBX 53.19 ($0.69) on Monday. IQE has a 1 year low of GBX 43.34 ($0.57) and a 1 year high of GBX 99.60 ($1.30). The firm has a 50 day moving average of GBX 57.68 and a 200-day moving average of GBX 70.28. The stock has a market capitalization of $423.30 million and a P/E ratio of 531.87.
IQE Company Profile
IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.
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