IQE plc (IQE.L) (LON:IQE) Rating Reiterated by Canaccord Genuity

IQE plc (IQE.L) (LON:IQE)‘s stock had its “speculative buy” rating reaffirmed by research analysts at Canaccord Genuity in a research report issued on Wednesday, October 14th, Analyst Ratings Network reports.

Other equities analysts have also recently issued reports about the stock. Barclays cut shares of IQE plc (IQE.L) to an “equal weight” rating and set a GBX 55 ($0.72) price objective for the company. in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IQE plc (IQE.L) from GBX 45 ($0.59) to GBX 60 ($0.78) and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 80.30 ($1.05).

LON IQE opened at GBX 55.70 ($0.73) on Wednesday. The stock’s 50 day moving average is GBX 55.77 and its 200 day moving average is GBX 47.82. The company has a current ratio of 1.95, a quick ratio of 1.27 and a debt-to-equity ratio of 26.57. IQE plc has a 12 month low of GBX 18.86 ($0.25) and a 12 month high of GBX 76.30 ($1.00). The stock has a market cap of $418.57 million and a PE ratio of -14.84.

IQE plc (IQE.L) (LON:IQE) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 0.28 ($0.00) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 0.20 ($0.00) by GBX 0.08 ($0.00). On average, analysts forecast that IQE plc will post 399.9999715 EPS for the current fiscal year.

About IQE plc (IQE.L)

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates through Wireless, Photonics, 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 electronic devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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Analyst Recommendations for IQE plc (IQE.L) (LON:IQE)

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