Deutsche Bank Lowers IQE (IQE) Price Target to GBX 70
IQE (LON:IQE) had its target price cut by investment analysts at Deutsche Bank from GBX 80 ($1.05) to GBX 70 ($0.91) in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 2.64% from the stock’s current price.
A number of other research analysts also recently weighed in on IQE. Peel Hunt reiterated a “buy” rating on shares of IQE in a report on Friday, November 30th. Canaccord Genuity reiterated a “buy” rating and set a GBX 152 ($1.99) target price on shares of IQE in a report on Thursday, December 6th. Finally, Barclays reiterated an “overweight” rating on shares of IQE in a report on Thursday, January 17th.
IQE stock opened at GBX 68.20 ($0.89) on Friday. IQE has a fifty-two week low of GBX 55 ($0.72) and a fifty-two week high of GBX 139.60 ($1.82). The company has a market cap of $529.86 million and a price-to-earnings ratio of 52.46.
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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