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 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.
Further Reading: The benefits and drawbacks of dollar cost averaging
Receive News & Ratings for IQE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQE and related companies with MarketBeat.com's FREE daily email newsletter.