Infineon Technologies AG (IFXA) Receives Consensus Recommendation of “Hold” from Brokerages
Infineon Technologies AG (ETR:IFXA) has been given a consensus recommendation of “Hold” by the twenty-four research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is €19.27 ($22.94).
A number of equities analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) set a €21.30 ($25.36) price target on shares of Infineon Technologies AG and gave the stock a “neutral” rating in a research note on Thursday. Baader Bank set a €21.50 ($25.60) target price on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Tuesday. Citigroup Inc. set a €21.25 ($25.30) target price on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Friday, September 8th. Sanford C. Bernstein set a €21.00 ($25.00) target price on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG set a €22.50 ($26.79) target price on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Wednesday, August 2nd.
Shares of Infineon Technologies AG (ETR IFXA) opened at 20.434 on Friday. Infineon Technologies AG has a one year low of €14.58 and a one year high of €20.68. The stock has a market cap of €23.07 billion and a P/E ratio of 28.381. The stock has a 50 day moving average of €19.22 and a 200 day moving average of €18.83.
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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