Infineon Technologies AG (ETR:IFXA) has been assigned a €16.60 ($17.85) price objective by equities researchers at Goldman Sachs Group Inc. in a research note issued to investors on Friday. The firm currently has a a “neutral” rating on the stock.

A number of other equities analysts have also issued reports on the company. Morgan Stanley set a €9.00 ($9.68) price target on Infineon Technologies AG and gave the stock a “sell” rating in a report on Thursday. Commerzbank AG set a €18.50 ($19.89) price target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Wednesday, October 19th. Baader Bank set a €16.50 ($17.74) price target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Monday, October 3rd. Berenberg Bank set a €15.00 ($16.13) price target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Tuesday. Finally, Bankhaus Lampe set a €18.00 ($19.35) price target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €15.03 ($16.16).

Analyst Recommendations for Infineon Technologies AG (ETR:IFXA)

Infineon Technologies AG (ETR:IFXA) opened at 15.70 on Friday. The firm’s 50 day moving average price is €15.74 and its 200-day moving average price is €14.22. Infineon Technologies AG has a one year low of €10.23 and a one year high of €16.37. The firm has a market cap of €17.68 billion and a PE ratio of 20.77.

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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