Peel Hunt Reaffirms Buy Rating for IQE (LON:IQE)

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Peel Hunt reissued their buy rating on shares of IQE (LON:IQE) in a research note released on Thursday, LSE.Co.UK reports. The firm currently has a GBX 108 ($1.41) price objective on the stock.

A number of other research analysts have also commented on the company. Peel Hunt reaffirmed a buy rating and issued a GBX 108 ($1.41) price objective on shares of IQE in a report on Tuesday, October 8th. Canaccord Genuity lowered IQE to a speculative buy rating and decreased their price objective for the company from GBX 85 ($1.11) to GBX 80 ($1.05) in a report on Thursday, September 12th. Finally, Deutsche Bank reaffirmed a hold rating on shares of IQE in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 88 ($1.15).

LON IQE traded up GBX 1.50 ($0.02) on Thursday, reaching GBX 65 ($0.85). The stock had a trading volume of 2,212,224 shares, compared to its average volume of 8,840,000. The company has a debt-to-equity ratio of 20.54, a current ratio of 1.83 and a quick ratio of 1.04. The firm has a fifty day moving average of GBX 57.27 and a two-hundred day moving average of GBX 66.55. IQE has a 1-year low of GBX 43.34 ($0.57) and a 1-year high of GBX 99.60 ($1.30). The company has a market cap of $515.41 million and a P/E ratio of -36.11.

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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Analyst Recommendations for IQE (LON:IQE)

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