IQE (LON:IQE) was downgraded by research analysts at Canaccord Genuity to a “speculative buy” rating in a research note issued on Thursday, Digital Look reports. They presently have a GBX 80 ($1.05) price target on the stock, down from their prior price target of GBX 85 ($1.11). Canaccord Genuity’s price target would suggest a potential upside of 49.53% from the stock’s previous close.
IQE has been the subject of several other research reports. Barclays dropped their price target on shares of IQE from GBX 84 ($1.10) to GBX 80 ($1.05) and set an “overweight” rating for the company in a research note on Tuesday, May 28th. Peel Hunt reaffirmed a “buy” rating on shares of IQE in a research report on Monday. Peel Hunt reaffirmed a “buy” rating and set a GBX 108 ($1.41) price objective on shares of IQE in a research report on Friday, June 21st. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of IQE in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 88 ($1.15).
Shares of LON:IQE traded down GBX 1 ($0.01) during trading on Thursday, hitting GBX 53.50 ($0.70). The company’s stock had a trading volume of 1,377,495 shares, compared to its average volume of 8,840,000. The business has a 50 day moving average price of GBX 57.68 and a two-hundred day moving average price of GBX 70.28. The company has a market capitalization of $420.18 million and a PE ratio of 535.00. IQE has a fifty-two week low of GBX 43.34 ($0.57) and a fifty-two week high of GBX 99.60 ($1.30).
IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.
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