IQE (IQE) Earns Buy Rating from Canaccord Genuity

IQE (LON:IQE)‘s stock had its “buy” rating restated by Canaccord Genuity in a note issued to investors on Tuesday. They presently have a GBX 190 ($2.66) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 74.31% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 188 ($2.64) price target on shares of IQE in a report on Friday. Barclays reissued an “overweight” rating and issued a GBX 210 ($2.94) price target on shares of IQE in a report on Friday, January 12th. Deutsche Bank assumed coverage on IQE in a research note on Friday, January 12th. They issued a “hold” rating and a GBX 140 ($1.96) price objective on the stock. N+1 Singer restated a “buy” rating and issued a GBX 181 ($2.54) price objective on shares of IQE in a research note on Thursday, December 21st. Finally, Citigroup restated a “buy” rating and issued a GBX 195 ($2.73) price objective on shares of IQE in a research note on Thursday, December 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. IQE currently has a consensus rating of “Buy” and an average target price of GBX 184 ($2.58).

Shares of IQE (LON:IQE) traded up GBX 4.60 ($0.06) during trading hours on Tuesday, hitting GBX 109 ($1.53). 17,046,234 shares of the company were exchanged, compared to its average volume of 11,860,000. The stock has a market cap of $813.51 and a P/E ratio of 5,450.00. IQE has a 52 week low of GBX 40.50 ($0.57) and a 52 week high of GBX 181.50 ($2.54).

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IQE Company Profile

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.

Analyst Recommendations for IQE (LON:IQE)

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