Infineon Technologies AG (IFXA) Given a €23.00 Price Target at Commerzbank Ag
Infineon Technologies AG (ETR:IFXA) has been given a €23.00 ($26.44) price target by stock analysts at Commerzbank Ag in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock.
Several other equities research analysts have also issued reports on IFXA. UBS AG set a €18.00 ($20.69) price objective on Infineon Technologies AG and gave the company a “neutral” rating in a research note on Monday, March 27th. Oddo Securities set a €17.50 ($20.11) price objective on Infineon Technologies AG and gave the company a “sell” rating in a research note on Friday, March 31st. Barclays PLC set a €17.20 ($19.77) price objective on Infineon Technologies AG and gave the company a “neutral” rating in a research note on Friday, July 7th. Goldman Sachs Group, Inc. (The) set a €22.00 ($25.29) price objective on Infineon Technologies AG and gave the company a “buy” rating in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Infineon Technologies AG in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €18.97 ($21.81).
Infineon Technologies AG (ETR IFXA) opened at 19.089 on Wednesday. The company has a market cap of €21.56 billion and a P/E ratio of 28.322. The firm has a 50-day moving average price of €19.48 and a 200 day moving average price of €17.91. Infineon Technologies AG has a 52 week low of €12.01 and a 52 week high of €20.47.
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.
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