Goldman Sachs Group Inc. set a €16.60 ($17.85) target price on Infineon Technologies AG (ETR:IFXA) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.

A number of other research analysts also recently commented on IFXA. Berenberg Bank set a €20.00 ($21.51) price target on shares of Infineon Technologies AG and gave the company a buy rating in a report on Thursday. Oddo Securities set a €13.00 ($13.98) price target on shares of Infineon Technologies AG and gave the company a neutral rating in a report on Wednesday, August 3rd. Commerzbank AG set a €18.50 ($19.89) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research note on Wednesday. Bankhaus Lampe set a €13.00 ($13.98) price objective on shares of Infineon Technologies AG and gave the stock a neutral rating in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group AG set a €15.00 ($16.13) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Infineon Technologies AG presently has a consensus rating of Hold and an average target price of €15.64 ($16.82).

Shares of Infineon Technologies AG (ETR:IFXA) opened at 16.173 on Thursday. The company has a market capitalization of €18.21 billion and a PE ratio of 21.393. The stock has a 50 day moving average price of €15.86 and a 200-day moving average price of €14.37. Infineon Technologies AG has a 12 month low of €10.23 and a 12 month high of €17.08.

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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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