IQE (LON:IQE)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a report issued on Monday. They currently have a GBX 190 ($2.63) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 46.15% from the company’s current price.
A number of other analysts also recently weighed in on IQE. Citigroup restated a “buy” rating and issued a GBX 195 ($2.69) target price on shares of IQE in a research report on Thursday. Peel Hunt restated a “buy” rating and issued a GBX 188 ($2.60) target price on shares of IQE in a research report on Thursday. N+1 Singer restated a “buy” rating and issued a GBX 181 ($2.50) target price on shares of IQE in a research report on Thursday, December 21st. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 185 ($2.56) price objective on shares of IQE in a research report on Thursday, February 8th. Finally, Barclays started coverage on IQE in a research report on Monday, December 4th. They issued an “overweight” rating and a GBX 210 ($2.90) price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. IQE currently has an average rating of “Buy” and a consensus price target of GBX 184.14 ($2.54).
Shares of IQE (LON:IQE) opened at GBX 130 ($1.80) on Monday. The firm has a market capitalization of $1,050.00 and a P/E ratio of 6,500.00. IQE has a 12-month low of GBX 45 ($0.62) and a 12-month high of GBX 181.50 ($2.51).
IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy.
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