IQE (IQE) Given New GBX 84 Price Target at Barclays

IQE (LON:IQE) had its price target lowered by analysts at Barclays from GBX 170 ($2.22) to GBX 84 ($1.10) in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 42.37% from the company’s previous close.

IQE has been the topic of several other reports. Deutsche Bank restated a “hold” rating on shares of IQE in a research note on Wednesday, September 12th. Canaccord Genuity restated a “buy” rating and issued a GBX 190 ($2.48) target price on shares of IQE in a research note on Monday, October 1st. Finally, Peel Hunt restated a “buy” rating on shares of IQE in a research note on Monday, October 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 150.29 ($1.96).

Shares of IQE opened at GBX 59 ($0.77) on Friday. IQE has a 1 year low of GBX 45 ($0.59) and a 1 year high of GBX 181.50 ($2.37).



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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Analyst Recommendations for IQE (LON:IQE)

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