IQE (IQE) Earns Buy Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of IQE (LON:IQE) in a research note published on Friday morning. They currently have a GBX 190 ($2.54) price target on the stock.

A number of other analysts also recently commented on IQE. Peel Hunt reissued a buy rating and issued a GBX 150 ($2.01) price objective on shares of IQE in a research note on Wednesday, September 13th. Citigroup started coverage on IQE in a research note on Friday, November 10th. They issued a buy rating and a GBX 195 ($2.61) price objective on the stock. Barclays started coverage on IQE in a research note on Monday, December 4th. They issued an overweight rating and a GBX 210 ($2.81) price objective on the stock. Finally, N+1 Singer reissued a buy rating and issued a GBX 181 ($2.42) price objective on shares of IQE in a research note on Thursday, December 21st. Five analysts have rated the stock with a buy rating, IQE currently has an average rating of Buy and a consensus target price of GBX 192.80 ($2.58).

Shares of IQE (IQE) opened at GBX 133.60 ($1.79) on Friday. IQE has a 12 month low of GBX 37.50 ($0.50) and a 12 month high of GBX 181.50 ($2.43). The company has a market capitalization of $1,050.00 and a price-to-earnings ratio of 6,680.00.

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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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