IQE (LON:IQE) Given Buy Rating at Peel Hunt

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IQE (LON:IQE)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report released on Thursday, ThisIsMoney.Co.Uk reports.

IQE has been the topic of several other reports. Barclays restated an “overweight” rating on shares of IQE in a research note on Friday, October 11th. Canaccord Genuity cut IQE to a “speculative buy” rating and reduced their price objective for the stock from GBX 85 ($1.11) to GBX 80 ($1.05) in a research note on Thursday, September 12th. Finally, Peel Hunt restated a “buy” rating and set a GBX 108 ($1.41) price objective on shares of IQE in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 88 ($1.15).

IQE stock opened at GBX 71 ($0.93) on Thursday. IQE has a twelve month low of GBX 43.34 ($0.57) and a twelve month high of GBX 99.60 ($1.30). The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 20.54. The company has a market capitalization of $565.06 million and a P/E ratio of -39.44. The firm has a 50 day simple moving average of GBX 66 and a 200-day simple moving average of GBX 66.14.

IQE Company Profile

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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