IQE (IQE) Stock Rating Reaffirmed by Citigroup

Citigroup reaffirmed their buy rating on shares of IQE (LON:IQE) in a report published on Monday, December 4th. The firm currently has a GBX 195 ($2.61) price target on the stock.

IQE has been the topic of a number of other research reports. Peel Hunt lifted their price target on shares of IQE from GBX 135 ($1.81) to GBX 150 ($2.01) and gave the company a buy rating in a research note on Tuesday, September 5th. Canaccord Genuity restated a buy rating and issued a GBX 180 ($2.41) price objective on shares of IQE in a report on Tuesday, September 5th. Finally, Barclays started coverage on IQE in a report on Monday, December 4th. They set an overweight rating and a GBX 210 ($2.81) price target on the stock. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of GBX 190.80 ($2.55).

Shares of IQE (IQE) traded down GBX 7.50 ($0.10) during midday trading on Monday, hitting GBX 137 ($1.83). 5,913,597 shares of the stock were exchanged, compared to its average volume of 7,330,000. IQE has a twelve month low of GBX 37.07 ($0.50) and a twelve month high of GBX 181.50 ($2.43). The firm has a market cap of $1,070.00 and a PE ratio of 6,850.00.

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IQE Company Profile

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.

Analyst Recommendations for IQE (LON:IQE)

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