IQE (LON:IQE)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued on Friday.
A number of other equities analysts have also recently weighed in on IQE. Barclays decreased their price objective on IQE from GBX 170 ($2.22) to GBX 84 ($1.10) and set an “overweight” rating on the stock in a report on Friday, November 16th. Deutsche Bank reduced their price target on IQE from GBX 100 ($1.31) to GBX 80 ($1.05) and set a “hold” rating on the stock in a research report on Wednesday, November 14th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 190 ($2.48) price target on shares of IQE in a research report on Monday, October 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. IQE currently has a consensus rating of “Buy” and an average price target of GBX 150.29 ($1.96).
Shares of LON IQE opened at GBX 72.10 ($0.94) on Friday. IQE has a 1-year low of GBX 45 ($0.59) and a 1-year high of GBX 181.50 ($2.37).
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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