Other equities analysts also recently issued research reports about the company. Canaccord Genuity reiterated a buy rating and issued a GBX 190 ($2.66) price objective on shares of IQE in a research report on Friday, January 5th. N+1 Singer reaffirmed a buy rating and set a GBX 181 ($2.54) target price on shares of IQE in a research report on Thursday, December 21st. Barclays reaffirmed an overweight rating and set a GBX 210 ($2.94) target price on shares of IQE in a research report on Friday, January 12th. Citigroup reaffirmed a buy rating and set a GBX 195 ($2.73) target price on shares of IQE in a research report on Thursday, December 21st. Finally, Deutsche Bank assumed coverage on IQE in a research report on Friday, January 12th. They set a hold rating and a GBX 140 ($1.96) target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 184.14 ($2.58).
Shares of IQE (LON IQE) traded down GBX 0.60 ($0.01) on Thursday, reaching GBX 100.10 ($1.40). The company’s stock had a trading volume of 9,894,895 shares, compared to its average volume of 12,530,000. IQE has a 52-week low of GBX 41.33 ($0.58) and a 52-week high of GBX 181.50 ($2.54). The company has a market cap of $761.34 and a P/E ratio of 5,005.00.
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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