IQE (IQE) Receives “Buy” Rating from Citigroup

Citigroup restated their buy rating on shares of IQE (LON:IQE) in a report published on Thursday. They currently have a GBX 195 ($2.62) price objective on the stock.

Several other equities analysts have also weighed in on the stock. Peel Hunt increased their price objective on shares of IQE from GBX 135 ($1.82) to GBX 150 ($2.02) and gave the company a buy rating in a research report on Tuesday, September 5th. Canaccord Genuity reissued a buy rating and issued a GBX 180 ($2.42) price objective on shares of IQE in a research report on Tuesday, September 5th. Finally, Barclays started coverage on shares of IQE in a research report 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, IQE currently has a consensus rating of Buy and a consensus price target of GBX 190.80 ($2.57).

Shares of IQE (IQE) opened at GBX 137 ($1.84) on Thursday. The firm has a market cap 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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