IQE (IQE) Coverage Initiated by Analysts at Barclays
Barclays started coverage on shares of IQE (LON:IQE) in a research note issued to investors on Monday morning. The brokerage issued an overweight rating and a GBX 210 ($2.83) target price on the stock.
A number of other equities research analysts also recently weighed in on IQE. Peel Hunt raised their price target on shares of 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 target on shares of IQE in a research note on Tuesday, September 5th. Finally, Citigroup assumed coverage on shares of IQE in a research note on Friday, November 10th. They issued a buy rating and a GBX 195 ($2.62) price target on the stock. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of GBX 164.20 ($2.21).
IQE (LON:IQE) traded down GBX 1.75 ($0.02) during mid-day trading on Monday, reaching GBX 158.25 ($2.13). 14,472,627 shares of the company’s stock traded hands, compared to its average volume of 11,080,000. IQE has a 52-week low of GBX 33.50 ($0.45) and a 52-week high of GBX 181.50 ($2.44).
In other news, insider Howard Robert Williams sold 537,202 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of GBX 163 ($2.19), for a total value of £875,639.26 ($1,178,518.52).
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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