IQE (LON:IQE) Earns “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of IQE (LON:IQE) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on the stock. Canaccord Genuity reissued a buy rating and set a GBX 85 ($1.11) target price on shares of IQE in a research report on Friday, August 30th. Barclays lowered their target price on shares of IQE from GBX 84 ($1.10) to GBX 80 ($1.05) and set an overweight rating on the stock in a research report on Tuesday, May 28th. Peel Hunt reissued a buy rating and set a GBX 108 ($1.41) target price on shares of IQE in a research report on Friday, June 21st. Finally, Deutsche Bank reissued a hold rating on shares of IQE in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 89 ($1.16).

IQE stock opened at GBX 53.19 ($0.69) on Monday. The company has a market capitalization of $423.30 million and a price-to-earnings ratio of 531.87. IQE has a one year low of GBX 43.34 ($0.57) and a one year high of GBX 99.60 ($1.30). The company’s fifty day moving average price is GBX 57.68 and its two-hundred day moving average price is GBX 70.28.

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.

See Also: Price to Earnings Ratio (PE)

Analyst Recommendations for IQE (LON:IQE)

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