Goldman Sachs Group, Inc. (The) Reiterates “€21.30” Price Target for Infineon Technologies AG (IFXA)
Goldman Sachs Group, Inc. (The) set a €21.30 ($25.36) price objective on Infineon Technologies AG (ETR:IFXA) in a research note issued to investors on Wednesday. The firm currently has a neutral rating on the technology company’s stock.
A number of other equities analysts also recently weighed in on IFXA. UBS AG set a €21.50 ($25.60) target price on shares of Infineon Technologies AG and gave the stock a neutral rating in a report on Thursday, June 8th. J P Morgan Chase & Co set a €21.50 ($25.60) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Monday, September 18th. Berenberg Bank set a €20.00 ($23.81) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Tuesday. Independent Research GmbH set a €19.50 ($23.21) target price on shares of Infineon Technologies AG and gave the stock a neutral rating in a report on Tuesday, August 1st. Finally, Kepler Capital Markets set a €21.50 ($25.60) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of €19.24 ($22.90).
Infineon Technologies AG (IFXA) opened at 20.803 on Wednesday. The company has a 50-day moving average of €19.34 and a 200-day moving average of €18.91. The firm has a market capitalization of €23.49 billion and a price-to-earnings ratio of 28.893. Infineon Technologies AG has a 1-year low of €14.86 and a 1-year high of €20.90.
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Infineon Technologies AG Company Profile
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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