IQE plc (LON:IQE) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 146.17 ($1.91).
A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of IQE from GBX 210 ($2.74) to GBX 170 ($2.22) and set an “overweight” rating for the company in a research report on Wednesday, August 15th. Peel Hunt reiterated a “buy” rating on shares of IQE in a research report on Wednesday, August 29th. Deutsche Bank reduced their price target on shares of IQE from GBX 115 ($1.50) to GBX 110 ($1.44) and set a “hold” rating for the company in a research report on Thursday, August 30th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 190 ($2.48) price target on shares of IQE in a research report on Wednesday, August 29th.
Shares of IQE stock traded up GBX 1.85 ($0.02) during midday trading on Monday, reaching GBX 71.85 ($0.94). 1,610,551 shares of the company traded hands, compared to its average volume of 8,840,000. IQE has a 1-year low of GBX 45 ($0.59) and a 1-year high of GBX 181.50 ($2.37).
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.
Further Reading: Consumer Price Index (CPI)
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