IQE’s (IQE) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of IQE (LON:IQE) in a research note issued to investors on Monday.

Other research analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a buy rating and set a GBX 152 ($1.99) target price on shares of IQE in a report on Thursday, December 6th. Deutsche Bank reduced their target price on IQE from GBX 100 ($1.31) to GBX 80 ($1.05) and set a hold rating on the stock in a report on Wednesday, November 14th. Finally, Barclays reissued an overweight rating on shares of IQE in a report on Thursday, January 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. IQE presently has an average rating of Buy and a consensus target price of GBX 138.83 ($1.81).

LON:IQE opened at GBX 71.40 ($0.93) on Monday. IQE has a 52 week low of GBX 45 ($0.59) and a 52 week high of GBX 181.50 ($2.37).

About 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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Analyst Recommendations for IQE (LON:IQE)

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