IQE (LON:IQE) had its price target decreased by Barclays from GBX 80 ($1.05) to GBX 73 ($0.95) in a research note published on Tuesday morning, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.
Other research analysts have also issued reports about the stock. Canaccord Genuity lowered shares of IQE to a speculative buy rating and cut 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 issued a GBX 108 ($1.41) price target on shares of IQE in a research note on Thursday, November 14th. Finally, Peel Hunt reiterated a buy rating and set a GBX 108 ($1.41) price objective on shares of IQE in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 83.60 ($1.09).
Shares of LON:IQE traded down GBX 1 ($0.01) during mid-day trading on Tuesday, hitting GBX 47.56 ($0.62). The company had a trading volume of 4,039,564 shares, compared to its average volume of 8,840,000. The company has a debt-to-equity ratio of 20.54, a current ratio of 1.83 and a quick ratio of 1.04. IQE has a one year low of GBX 43.34 ($0.57) and a one year high of GBX 99.60 ($1.30). The firm has a fifty day moving average price of GBX 65.70 and a 200 day moving average price of GBX 65.79. The company has a market capitalization of $379.31 million and a PE ratio of -26.42.
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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