Peel Hunt Reaffirms Buy Rating for IQE (LON:IQE)

Peel Hunt reaffirmed their buy rating on shares of IQE (LON:IQE) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Barclays cut IQE to an equal weight rating and reduced their target price for the company from GBX 73 ($0.96) to GBX 55 ($0.72) in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. IQE currently has a consensus rating of Hold and a consensus target price of GBX 72.60 ($0.96).

IQE opened at GBX 31.50 ($0.41) on Tuesday. The stock has a market cap of $268.21 million and a PE ratio of -17.50. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 20.54. IQE has a 52 week low of GBX 24.28 ($0.32) and a 52 week high of GBX 96 ($1.26). The business’s fifty day simple moving average is GBX 44.97 and its 200 day simple moving average is GBX 53.14.

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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