IQE (LON:IQE) Stock Rating Reaffirmed by Deutsche Bank

IQE (LON:IQE)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently weighed in on the company. Barclays set a €16.80 ($19.53) price objective on Deutsche Telekom and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 70 ($0.91) price objective on shares of Bacanora Lithium in a research report on Monday, July 1st. Finally, Peel Hunt upgraded MJ Gleeson to a “hold” rating and boosted their price objective for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a research report on Thursday, July 4th.

Shares of IQE stock opened at GBX 59.95 ($0.78) on Friday. IQE has a fifty-two week low of GBX 43.34 ($0.57) and a fifty-two week high of GBX 115 ($1.50). The company has a 50 day moving average of GBX 67.77. The company has a market capitalization of $474.38 million and a P/E ratio of 599.50.

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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