A number of other equities research analysts have also recently issued reports on IQE. Peel Hunt boosted their price objective on IQE from GBX 135 ($1.82) to GBX 150 ($2.02) and gave the company a buy rating in a research note on Tuesday, September 5th. Canaccord Genuity restated a buy rating and issued a GBX 180 ($2.42) price objective on shares of IQE in a research note on Tuesday, September 5th. Citigroup initiated coverage on IQE in a research note on Friday, November 10th. They issued a buy rating and a GBX 195 ($2.62) price objective on the stock. Finally, Barclays initiated coverage on IQE in a research note on Monday, December 4th. They issued an overweight rating and a GBX 210 ($2.83) price objective on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of GBX 190.80 ($2.57).
IQE (LON IQE) opened at GBX 137 ($1.84) on Thursday. The firm has a market cap of $1,040.00 and a PE ratio of 6,850.00. IQE has a fifty-two week low of GBX 37.07 ($0.50) and a fifty-two week high of GBX 181.50 ($2.44).
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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.
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