Canaccord Genuity restated their buy rating on shares of IQE (LON:IQE) in a research note issued to investors on Tuesday morning. Canaccord Genuity currently has a GBX 190 ($2.63) price objective on the stock.
A number of other analysts have also commented on the company. Barclays reissued an overweight rating and issued a GBX 210 ($2.90) target price on shares of IQE in a report on Friday, January 12th. Deutsche Bank initiated coverage on IQE in a report on Friday, January 12th. They issued a hold rating and a GBX 140 ($1.93) price objective for the company. Citigroup reaffirmed a buy rating and issued a GBX 195 ($2.69) price objective on shares of IQE in a report on Thursday, February 22nd. Peel Hunt reaffirmed a buy rating and issued a GBX 188 ($2.60) price objective on shares of IQE in a report on Wednesday, December 20th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a GBX 185 ($2.56) price objective on shares of IQE in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 181.57 ($2.51).
Shares of IQE (LON:IQE) opened at GBX 126.60 ($1.75) on Tuesday. The company has a market capitalization of $1,080.00 and a price-to-earnings ratio of 6,330.00. IQE has a fifty-two week low of GBX 45 ($0.62) and a fifty-two week 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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