IQE (LON:IQE)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a GBX 185 ($2.59) target price on the stock. Stifel Nicolaus’ target price points to a potential upside of 84.08% from the stock’s current price.
Several other analysts have also issued reports on IQE. Citigroup reiterated a “buy” rating and set a GBX 195 ($2.73) price target on shares of IQE in a research report on Monday, December 4th. Barclays assumed coverage on shares of IQE in a research report on Monday, December 4th. They issued an “overweight” rating and a GBX 210 ($2.94) target price on the stock. Peel Hunt restated a “buy” rating and issued a GBX 188 ($2.64) target price on shares of IQE in a research report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and issued a GBX 190 ($2.66) target price on shares of IQE in a research report on Friday, January 5th. Finally, N+1 Singer restated a “buy” rating and issued a GBX 181 ($2.54) target price on shares of IQE in a research report on Thursday, December 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. IQE presently has a consensus rating of “Buy” and an average target price of GBX 184.14 ($2.58).
Shares of IQE (LON IQE) traded down GBX 0.20 ($0.00) during trading hours on Thursday, hitting GBX 100.50 ($1.41). 14,566,286 shares of the company’s stock were exchanged, compared to its average volume of 13,390,000. IQE has a 1 year low of GBX 42.69 ($0.60) and a 1 year high of GBX 181.50 ($2.54). The firm has a market cap of $759.83 and a price-to-earnings ratio of 5,025.00.
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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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