Deutsche Bank Reaffirms “Hold” Rating for IQE (LON:IQE)

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IQE (LON:IQE)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued reports about the company. Barclays set a €16.80 ($19.53) price target on Deutsche Telekom and gave the company a “neutral” rating in a report on Tuesday, May 28th. Peel Hunt raised MJ Gleeson to a “hold” rating and upped their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a report on Thursday, July 4th. Finally, Canaccord Genuity reaffirmed a “speculative buy” rating and set a GBX 70 ($0.91) price target on shares of Bacanora Lithium in a report on Monday, July 1st.

Shares of LON:IQE opened at GBX 59.95 ($0.78) on Friday. The company has a market capitalization of $474.38 million and a P/E ratio of 599.50. IQE has a 1 year low of GBX 43.34 ($0.57) and a 1 year high of GBX 115 ($1.50). The firm’s fifty day simple moving average is GBX 67.77.

About IQE

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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