Peel Hunt restated their buy rating on shares of IQE (LON:IQE) in a research note issued to investors on Friday.
Several other brokerages have also recently commented on IQE. Canaccord Genuity reissued a buy rating and set a GBX 190 ($2.48) target price on shares of IQE in a report on Monday, October 1st. Deutsche Bank reissued a hold rating on shares of IQE in a report on Thursday, July 26th. Finally, Barclays dropped their target price on IQE from GBX 210 ($2.74) to GBX 170 ($2.22) and set an overweight rating on the stock in a report on Wednesday, August 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 167.86 ($2.19).
Shares of LON:IQE opened at GBX 94.30 ($1.23) on Friday. IQE has a 12 month low of GBX 45 ($0.59) and a 12 month 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.
See Also: Understanding the different types of bonds
Receive News & Ratings for IQE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQE and related companies with MarketBeat.com's FREE daily email newsletter.