A number of other research analysts have also commented on IQE. Barclays reaffirmed an overweight rating on shares of IQE in a research report on Thursday, January 17th. Canaccord Genuity reaffirmed a buy rating and set a GBX 152 ($1.99) price target on shares of IQE in a research report on Thursday, December 6th. Finally, Deutsche Bank lowered their price target on IQE from GBX 100 ($1.31) to GBX 80 ($1.05) and set a hold rating for the company in a research report on Wednesday, November 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. IQE has a consensus rating of Buy and a consensus target price of GBX 129.60 ($1.69).
IQE stock traded down GBX 0.90 ($0.01) during trading on Monday, hitting GBX 90 ($1.18). 6,713,144 shares of the company traded hands, compared to its average volume of 8,840,000. IQE has a 1 year low of GBX 45 ($0.59) and a 1 year high of GBX 181.50 ($2.37).
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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