Citigroup Reaffirms “Buy” Rating for IQE (IQE)

Citigroup reaffirmed their buy rating on shares of IQE (LON:IQE) in a research report released on Friday. They currently have a GBX 195 ($2.69) price target on the stock.

Other research analysts have also issued research reports about the company. Peel Hunt cut their price objective on IQE from GBX 188 ($2.60) to GBX 170 ($2.35) and set a buy rating for the company in a report on Tuesday, March 20th. Canaccord Genuity reissued a buy rating and set a GBX 190 ($2.63) price objective on shares of IQE in a report on Monday, February 26th. Stifel Nicolaus reissued a buy rating and set a GBX 185 ($2.56) price objective on shares of IQE in a report on Thursday, February 8th. N+1 Singer reissued a buy rating and set a GBX 181 ($2.50) price objective on shares of IQE in a report on Thursday, December 21st. Finally, Deutsche Bank initiated coverage on IQE in a research note on Friday, January 12th. They issued a hold rating and a GBX 140 ($1.93) target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. IQE currently has a consensus rating of Buy and an average target price of GBX 181.57 ($2.51).

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IQE (LON:IQE) opened at GBX 128.30 ($1.77) on Friday. IQE has a twelve month low of GBX 45 ($0.62) and a twelve month high of GBX 181.50 ($2.51). The company has a market capitalization of $1,080.00 and a PE ratio of 6,415.00.

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About IQE

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.

Analyst Recommendations for IQE (LON:IQE)

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