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

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Peel Hunt reiterated their buy rating on shares of IQE (LON:IQE) in a research report released on Thursday morning, Digital Look reports. They currently have a GBX 108 ($1.41) price objective on the stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity cut shares of IQE to a speculative buy rating and decreased their target price for the stock from GBX 85 ($1.11) to GBX 80 ($1.05) in a research note on Thursday, September 12th. Peel Hunt reaffirmed a buy rating and set a GBX 108 ($1.41) target price on shares of IQE in a research note on Thursday, October 10th. Finally, Barclays reaffirmed an overweight rating on shares of IQE in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 88 ($1.15).

IQE traded down GBX 15.20 ($0.20) during trading on Thursday, hitting GBX 50.65 ($0.66). 17,737,203 shares of the stock traded hands, compared to its average volume of 8,840,000. 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 market cap of $408.28 million and a price-to-earnings ratio of -28.14. The company has a debt-to-equity ratio of 20.54, a current ratio of 1.83 and a quick ratio of 1.04. The business has a 50 day moving average price of GBX 66.29 and a 200 day moving average price of GBX 66.10.

About IQE

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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