J P Morgan Chase & Co Reiterates “€21.50” Price Target for Infineon Technologies AG (IFXA)
Infineon Technologies AG (ETR:IFXA) has been assigned a €21.50 ($25.60) price objective by investment analysts at J P Morgan Chase & Co in a note issued to investors on Monday. The firm presently has a “buy” rating on the technology company’s stock.
Other equities analysts have also issued reports about the company. UBS AG set a €21.50 ($25.60) price objective on Infineon Technologies AG and gave the stock a “neutral” rating in a research note on Thursday, June 8th. Kepler Capital Markets set a €21.50 ($25.60) price objective on Infineon Technologies AG and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Infineon Technologies AG in a research note on Friday, June 30th. Independent Research GmbH set a €19.50 ($23.21) price objective on Infineon Technologies AG and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC set a €17.20 ($20.48) price objective on Infineon Technologies AG and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of €19.24 ($22.90).
Infineon Technologies AG (ETR IFXA) traded up 1.359% during midday trading on Monday, hitting €20.803. The stock had a trading volume of 130 shares. Infineon Technologies AG has a 12-month low of €14.86 and a 12-month high of €20.90. The stock has a market cap of €23.49 billion and a P/E ratio of 28.227. The company’s 50-day moving average price is €19.34 and its 200 day moving average price is €18.91.
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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.
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