Research analysts at Deutsche Bank began coverage on shares of IQE (LON:IQE) in a research report issued on Friday. The firm set a “hold” rating and a GBX 140 ($1.90) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 13.18% from the company’s previous close.
Several other brokerages also recently commented on IQE. Citigroup reaffirmed a “buy” rating and set a GBX 195 ($2.64) price objective on shares of IQE in a research note on Monday, December 4th. Barclays began coverage on IQE in a research note on Monday, December 4th. They set an “overweight” rating and a GBX 210 ($2.85) price objective on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 188 ($2.55) price objective on shares of IQE in a research note on Wednesday, December 20th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 190 ($2.58) price objective on shares of IQE in a research note on Friday, January 5th. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 181 ($2.45) price objective on shares of IQE in a research note on Thursday, December 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 184 ($2.50).
Shares of IQE (LON:IQE) traded down GBX 5.30 ($0.07) during trading on Friday, reaching GBX 123.70 ($1.68). The company had a trading volume of 17,532,077 shares, compared to its average volume of 7,800,000. The firm has a market cap of $934.69 and a P/E ratio of 6,185.00. IQE has a twelve month low of GBX 37.50 ($0.51) and a twelve month high of GBX 181.50 ($2.46).
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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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