IQE (IQE) Earns “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of IQE (LON:IQE) in a research note published on Wednesday morning. They currently have a GBX 188 ($2.53) price objective on the stock.

IQE has been the subject of a number of other reports. Citigroup started coverage on IQE in a research report on Friday, November 10th. They issued a buy rating and a GBX 195 ($2.62) price objective for the company. Barclays started coverage on IQE in a research report on Monday, December 4th. They issued an overweight rating and a GBX 210 ($2.83) price objective for the company. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 180 ($2.42) price target on shares of IQE in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average price target of GBX 190.80 ($2.57).

Shares of IQE (IQE) opened at GBX 137 ($1.84) on Wednesday. The company has a market capitalization of $1,040.00 and a P/E ratio of 6,850.00. IQE has a 12-month low of GBX 37.07 ($0.50) and a 12-month high of GBX 181.50 ($2.44).

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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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