IQE plc (LON:IQE) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 146.17 ($1.91).
Several equities research analysts have recently weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and set a GBX 152 ($1.99) target price on shares of IQE in a research note on Thursday. Peel Hunt reiterated a “buy” rating on shares of IQE in a research note on Friday, November 30th. Deutsche Bank decreased their target price on shares of IQE from GBX 100 ($1.31) to GBX 80 ($1.05) and set a “hold” rating for the company in a research note on Wednesday, November 14th. Finally, Barclays decreased their target price on shares of IQE from GBX 170 ($2.22) to GBX 84 ($1.10) and set an “overweight” rating for the company in a research note on Friday, November 16th.
Shares of IQE traded up GBX 1.85 ($0.02) during mid-day trading on Monday, hitting GBX 71.85 ($0.94). 1,610,551 shares of the company’s stock were exchanged, compared to its average volume of 8,840,000. IQE has a fifty-two week low of GBX 45 ($0.59) and a fifty-two week high of GBX 181.50 ($2.37).
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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