Canaccord Genuity Reaffirms Buy Rating for IQE (LON:IQE)
Canaccord Genuity restated their buy rating on shares of IQE (LON:IQE) in a research note issued to investors on Friday, January 5th. They currently have a GBX 190 ($2.67) price objective on the stock.
A number of other equities research analysts have also commented on IQE. Citigroup reiterated a buy rating and issued a GBX 195 ($2.74) target price on shares of IQE in a research report on Monday, December 4th. Barclays initiated coverage on IQE in a research report on Monday, December 4th. They issued an overweight rating and a GBX 210 ($2.95) target price on the stock. Peel Hunt reiterated a buy rating and issued a GBX 188 ($2.64) target price on shares of IQE in a research report on Wednesday, December 20th. Finally, N+1 Singer restated a buy rating and issued a GBX 181 ($2.54) price objective on shares of IQE in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 184 ($2.58).
Shares of IQE (LON IQE) traded up GBX 13 ($0.18) during trading on Friday, reaching GBX 118 ($1.66). 17,423,191 shares of the company’s stock were exchanged, compared to its average volume of 10,400,000. IQE has a fifty-two week low of GBX 37.50 ($0.53) and a fifty-two week high of GBX 181.50 ($2.55). The company has a market capitalization of $892.14 and a P/E ratio of 5,900.00.
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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.
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