Infineon Technologies AG (IFXA) Receives Average Recommendation of “Hold” from Brokerages
Shares of Infineon Technologies AG (ETR:IFXA) have earned an average rating of “Hold” from the twenty-four analysts that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is €16.96 ($18.05).
IFXA has been the topic of several recent research reports. Morgan Stanley set a €9.00 ($9.57) price objective on shares of Infineon Technologies AG and gave the company a “sell” rating in a research note on Thursday, November 17th. Citigroup Inc. set a €18.50 ($19.68) price objective on shares of Infineon Technologies AG and gave the company a “buy” rating in a research note on Tuesday, January 31st. Goldman Sachs Group, Inc. (The) set a €16.60 ($17.66) price objective on shares of Infineon Technologies AG and gave the company a “neutral” rating in a research note on Friday, November 18th. Berenberg Bank set a €15.00 ($15.96) price objective on shares of Infineon Technologies AG and gave the company a “buy” rating in a research note on Tuesday, November 15th. Finally, Independent Research GmbH set a €17.00 ($18.09) price objective on shares of Infineon Technologies AG and gave the company a “neutral” rating in a research note on Wednesday, November 23rd.
Shares of Infineon Technologies AG (ETR:IFXA) traded down 1.218% during midday trading on Friday, hitting €16.944. 299 shares of the stock were exchanged. The firm has a market cap of €19.10 billion and a PE ratio of 25.365. Infineon Technologies AG has a 12-month low of €10.97 and a 12-month high of €17.89. The firm has a 50-day moving average price of €16.71 and a 200 day moving average price of €15.80.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/02/17/infineon-technologies-ag-ifxa-receives-average-recommendation-of-hold-from-brokerages.html
This article was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. and international copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/02/17/infineon-technologies-ag-ifxa-receives-average-recommendation-of-hold-from-brokerages.html.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.