Independent Research GmbH Reiterates “€22.00” Price Target for Infineon Technologies AG (IFXA)
Independent Research GmbH set a €22.00 ($25.88) price objective on Infineon Technologies AG (ETR:IFXA) in a report released on Monday. The brokerage currently has a neutral rating on the technology company’s stock.
Several other equities research analysts also recently weighed in on the stock. BNP Paribas restated a sell rating on shares of Infineon Technologies AG in a research note on Friday, July 21st. Morgan Stanley set a €9.50 ($11.18) target price on shares of Infineon Technologies AG and gave the company a sell rating in a research note on Monday, July 17th. Credit Suisse Group set a €21.00 ($24.71) target price on shares of Infineon Technologies AG and gave the company a buy rating in a research note on Tuesday, June 27th. Baader Bank set a €20.00 ($23.53) target price on shares of Infineon Technologies AG and gave the company a buy rating in a research note on Friday, June 30th. Finally, Citigroup Inc. set a €21.25 ($25.00) target price on shares of Infineon Technologies AG and gave the company a buy rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. Infineon Technologies AG presently has a consensus rating of Hold and an average price target of €19.37 ($22.79).
Infineon Technologies AG (ETR IFXA) opened at 21.731 on Monday. The company has a 50-day moving average price of €20.09 and a 200 day moving average price of €19.22. Infineon Technologies AG has a 52-week low of €14.86 and a 52-week high of €21.97. The company has a market capitalization of €24.53 billion and a PE ratio of 29.486.
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.
Receive News & Stock Ratings for Infineon Technologies AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies AG and related stocks with our FREE daily email newsletter.