IQE’s (IQE) Buy Rating Reaffirmed at Canaccord Genuity
IQE (LON:IQE)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research note issued on Friday. They presently have a GBX 190 ($2.54) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 35.23% from the stock’s previous close.
Several other research firms also recently weighed in on IQE. Citigroup restated a “buy” rating and issued a GBX 195 ($2.61) price target on shares of IQE in a research note on Thursday, December 21st. N+1 Singer restated a “buy” rating and issued a GBX 181 ($2.42) price target on shares of IQE in a research note on Thursday, December 21st. Peel Hunt restated a “buy” rating and issued a GBX 188 ($2.51) price target on shares of IQE in a research note on Wednesday, December 20th. Finally, Barclays initiated coverage on IQE in a research note on Monday, December 4th. They issued an “overweight” rating and a GBX 210 ($2.81) price target on the stock. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 192.80 ($2.58).
IQE (IQE) traded down GBX 4.40 ($0.06) during trading on Friday, hitting GBX 140.50 ($1.88). The company had a trading volume of 5,906,672 shares, compared to its average volume of 7,140,000. The stock has a market cap of $1,060.00 and a P/E ratio of 7,025.00. IQE has a 52 week low of GBX 37.50 ($0.50) and a 52 week high of GBX 181.50 ($2.43).
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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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