IQE plc (LON:IQE) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 79.25 ($1.03) and last traded at GBX 81 ($1.06), with a volume of 5556609 shares. The stock had previously closed at GBX 83.10 ($1.08).

Several research firms recently issued reports on IQE. Peel Hunt reissued a “buy” rating on shares of IQE in a report on Wednesday, August 1st. Deutsche Bank reissued a “hold” rating on shares of IQE in a report on Thursday, July 26th. Canaccord Genuity reissued a “buy” rating and set a GBX 190 ($2.47) price target on shares of IQE in a report on Wednesday, August 29th. Finally, Barclays reissued an “overweight” rating on shares of IQE in a report on Monday, July 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. IQE has an average rating of “Buy” and a consensus target price of GBX 169.29 ($2.21).

About IQE (LON:IQE)

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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