Peel Hunt started coverage on shares of IQE (LON:IQE) in a research report sent to investors on Wednesday morning. The firm issued a buy rating and a GBX 154 ($2.01) target price on the stock.

IQE has been the topic of a number of other reports. Deutsche Bank cut their target price on shares of IQE from GBX 115 ($1.50) to GBX 110 ($1.43) and set a hold rating on the stock in a research note on Thursday, August 30th. Barclays restated an overweight rating and set a GBX 170 ($2.21) target price on shares of IQE in a research note on Thursday, August 30th. Finally, Canaccord Genuity restated a buy rating and set a GBX 190 ($2.47) target price on shares of IQE in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. IQE presently has an average rating of Buy and an average target price of GBX 169.29 ($2.21).

IQE stock opened at GBX 90.70 ($1.18) on Wednesday. IQE has a fifty-two week low of GBX 45 ($0.59) and a fifty-two week high of GBX 181.50 ($2.36).

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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