Deutsche Bank Aktiengesellschaft Increases IQE (LON:IQE) Price Target to GBX 60

IQE (LON:IQEGet Rating) had its price target upped by analysts at Deutsche Bank Aktiengesellschaft from GBX 45 ($0.53) to GBX 60 ($0.71) in a research report issued on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 19.52% from the stock’s previous close.

IQE Trading Up 0.4 %

Shares of IQE stock opened at GBX 50.20 ($0.59) on Wednesday. IQE has a 52-week low of GBX 27.53 ($0.33) and a 52-week high of GBX 50.90 ($0.60). The stock’s 50-day simple moving average is GBX 40.56 and its 200 day simple moving average is GBX 37.48. The stock has a market capitalization of £403.99 million and a P/E ratio of -12.87. The company has a debt-to-equity ratio of 31.01, a quick ratio of 0.97 and a current ratio of 1.46.

About IQE

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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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