Goldman Sachs Group Inc. set a €16.60 ($18.24) price objective on Infineon Technologies AG (ETR:IFXA) in a report issued on Tuesday morning. The firm currently has a a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Barclays PLC set a €13.50 ($14.84) price target on shares of Infineon Technologies AG and gave the stock a neutral rating in a report on Monday. Deutsche Bank AG set a €16.60 ($18.24) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research note on Friday, October 14th. Oddo Securities set a €13.00 ($14.29) price objective on shares of Infineon Technologies AG and gave the stock a sell rating in a research note on Thursday, October 13th. Bankhaus Lampe set a €18.00 ($19.78) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research note on Wednesday, October 12th. Finally, Baader Bank set a €16.50 ($18.13) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research note on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of €14.91 ($16.39).

Shares of Infineon Technologies AG (ETR:IFXA) opened at 15.849 on Tuesday. The stock has a market cap of €17.85 billion and a PE ratio of 20.964. The firm has a 50-day moving average of €15.19 and a 200 day moving average of €13.72. Infineon Technologies AG has a 52 week low of €10.23 and a 52 week high of €16.15.

About Infineon Technologies AG

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket.

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