Infineon Technologies AG (ETR:IFXA) received a €21.50 ($24.16) price target from equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Baader Bank set a €20.00 ($22.47) price target on shares of Infineon Technologies AG and gave the stock a “buy” rating in a report on Friday. Kepler Capital Markets set a €21.50 ($24.16) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank AG reaffirmed a “buy” rating on shares of Infineon Technologies AG in a research report on Friday. Commerzbank Ag set a €23.00 ($25.84) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research report on Friday. Finally, Credit Suisse Group set a €21.00 ($23.60) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of €18.78 ($21.10).

Shares of Infineon Technologies AG (ETR:IFXA) opened at 18.45 on Friday. The firm has a 50-day moving average price of €19.48 and a 200-day moving average price of €17.90. Infineon Technologies AG has a one year low of €12.00 and a one year high of €20.47. The company has a market capitalization of €20.83 billion and a P/E ratio of 27.37.

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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.

Analyst Recommendations for Infineon Technologies AG (ETR:IFXA)

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