Equities researchers at Barclays began coverage on shares of IQE (LON:IQE) in a report released on Monday. The brokerage set an “overweight” rating and a GBX 210 ($2.83) price target on the stock. Barclays’ price objective points to a potential upside of 30.43% from the stock’s current price.

Several other research firms have also issued reports on IQE. Citigroup started coverage on shares of IQE in a research report on Friday, November 10th. They set a “buy” rating and a GBX 195 ($2.62) price target for the company. Peel Hunt upped their price target on shares of IQE from GBX 105 ($1.41) to GBX 135 ($1.82) and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 180 ($2.42) price target on shares of IQE in a research report on Tuesday, September 5th. Five equities research analysts have rated the stock with a buy rating, IQE has a consensus rating of “Buy” and a consensus price target of GBX 164.20 ($2.21).

Shares of IQE (LON:IQE) opened at GBX 161 ($2.17) on Monday. IQE has a 1 year low of GBX 33.50 ($0.45) and a 1 year high of GBX 181.50 ($2.44).

In other IQE news, insider Howard Robert Williams sold 537,202 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 163 ($2.19), for a total transaction of £875,639.26 ($1,178,518.52).

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IQE Company Profile

IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy.

Analyst Recommendations for IQE (LON:IQE)

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