IQE’s (IQE) “Hold” Rating Reiterated at Deutsche Bank
Other research analysts also recently issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of IQE in a report on Wednesday, August 1st. Canaccord Genuity reaffirmed a buy rating and set a GBX 190 ($2.47) target price on shares of IQE in a report on Wednesday, August 29th. Finally, Barclays reaffirmed an overweight rating and set a GBX 170 ($2.21) target price on shares of IQE in a report on Thursday, August 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 171.57 ($2.23).
LON IQE opened at GBX 89.70 ($1.17) on Wednesday. IQE has a twelve month low of GBX 45 ($0.59) and a twelve month high of GBX 181.50 ($2.36).
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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