IQE (LON:IQE)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a report issued on Tuesday. They currently have a GBX 190 ($2.63) price objective on the stock. Canaccord Genuity’s price target points to a potential upside of 45.26% from the stock’s current price.
Other analysts also recently issued research reports about the company. Peel Hunt restated a “buy” rating and issued a GBX 188 ($2.60) target price on shares of IQE in a research note on Friday, February 2nd. Deutsche Bank began coverage on IQE in a research note on Friday, January 12th. They issued a “hold” rating and a GBX 140 ($1.93) target price on the stock. Citigroup restated a “buy” rating and issued a GBX 195 ($2.69) target price on shares of IQE in a research note on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and issued a GBX 185 ($2.56) target price on shares of IQE in a research note on Thursday, February 8th. Finally, Barclays began coverage on IQE in a research note on Monday, December 4th. They issued an “overweight” rating and a GBX 210 ($2.90) target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. IQE presently has an average rating of “Buy” and an average target price of GBX 181.57 ($2.51).
IQE (IQE) traded down GBX 11.80 ($0.16) during trading on Tuesday, reaching GBX 130.80 ($1.81). The company’s stock had a trading volume of 13,078,698 shares, compared to its average volume of 8,840,000. The stock has a market cap of $1,080.00 and a P/E ratio of 6,540.00. IQE has a twelve month low of GBX 45 ($0.62) and a twelve month high of GBX 181.50 ($2.51).
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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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