IQE (IQE) Earns “Buy” Rating from Peel Hunt
IQE (LON:IQE)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 188 ($2.64) target price on the stock. Peel Hunt’s price target suggests a potential upside of 87.06% from the stock’s previous close.
A number of other equities analysts have also weighed in on IQE. Canaccord Genuity reiterated a “buy” rating and set a GBX 190 ($2.66) price objective on shares of IQE in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 185 ($2.59) price objective on shares of IQE in a research note on Thursday. Citigroup reiterated a “buy” rating and set a GBX 195 ($2.73) price objective on shares of IQE in a research note on Thursday, December 21st. N+1 Singer reiterated a “buy” rating and set a GBX 181 ($2.54) price objective on shares of IQE in a research note on Thursday, December 21st. Finally, Barclays assumed coverage on IQE in a research note on Monday, December 4th. They set an “overweight” rating and a GBX 210 ($2.94) price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 184.14 ($2.58).
IQE (LON IQE) opened at GBX 100.50 ($1.41) on Friday. The firm has a market capitalization of $759.83 and a PE ratio of 5,025.00. IQE has a 52 week low of GBX 42.69 ($0.60) and a 52 week high of GBX 181.50 ($2.54).
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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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