Commerzbank AG Reiterates €18.50 Price Target for Infineon Technologies AG (IFXA)
Infineon Technologies AG (ETR:IFXA) has been assigned a €18.50 ($20.33) price target by equities researchers at Commerzbank AG in a note issued to investors on Wednesday. The firm presently has a a “buy” rating on the stock.
A number of other analysts have also commented on the company. Goldman Sachs Group Inc. set a €16.60 ($18.24) price target on Infineon Technologies AG and gave the stock a “neutral” rating in a report on Tuesday. Barclays PLC set a €13.50 ($14.84) price target on 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 target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Friday, October 14th. Oddo Securities set a €13.00 ($14.29) price target on Infineon Technologies AG and gave the stock a “sell” rating in a report on Thursday, October 13th. Finally, Bankhaus Lampe set a €18.00 ($19.78) price target on Infineon Technologies AG and gave the stock a “buy” rating in a report on Wednesday, October 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €14.91 ($16.39).
Shares of Infineon Technologies AG (ETR:IFXA) opened at 15.849 on Wednesday. Infineon Technologies AG has a 12 month low of €10.23 and a 12 month high of €16.15. The company has a market capitalization of €17.85 billion and a P/E ratio of 20.964. The company’s 50 day moving average price is €15.19 and its 200 day moving average price is €13.72.
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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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