Several other equities research analysts also recently weighed in on IQE. Citigroup reissued a buy rating and set a GBX 195 ($2.64) price target on shares of IQE in a research report on Thursday, December 21st. Peel Hunt reaffirmed a buy rating and issued a GBX 188 ($2.55) target price on shares of IQE in a research report on Wednesday, December 20th. Barclays began coverage on shares of IQE in a research report on Monday, December 4th. They set an overweight rating and a GBX 210 ($2.85) price objective for the company. Finally, Canaccord Genuity reissued a buy rating and set a GBX 180 ($2.44) price objective on shares of IQE in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 184 ($2.50).
IQE (IQE) opened at GBX 123.69 ($1.68) on Thursday. The stock has a market cap of $934.69 and a P/E ratio of 6,184.50. IQE has a 1-year low of GBX 37.50 ($0.51) and a 1-year high of GBX 181.50 ($2.46).
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IQE Company Profile
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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