IQE (LON:IQE) PT Raised to GBX 60

IQE (LON:IQEGet Rating) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 45 ($0.53) to GBX 60 ($0.71) in a research report report published on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

IQE Stock Performance

LON:IQE opened at GBX 50.05 ($0.59) on Wednesday. The stock has a fifty day moving average price of GBX 40.26 and a 200-day moving average price of GBX 37.39. The company has a market cap of £402.77 million and a price-to-earnings ratio of -12.82. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.97 and a current ratio of 1.46. IQE has a fifty-two week low of GBX 27.53 ($0.33) and a fifty-two week high of GBX 50.90 ($0.60).

IQE Company Profile

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IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.

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