Commerzbank AG set a €18.50 ($20.56) target price on Infineon Technologies AG (ETR:IFXA) in a research report report published on Wednesday morning. The firm currently has a a buy rating on the stock.
Several other research firms have also recently weighed in on IFXA. Credit Suisse Group AG set a €14.00 ($15.56) price objective on Infineon Technologies AG and gave the stock a buy rating in a research report on Tuesday, July 12th. Sanford C. Bernstein set a €17.00 ($18.89) target price on Infineon Technologies AG and gave the company a buy rating in a research note on Tuesday, July 12th. Barclays PLC set a €13.50 ($15.00) target price on Infineon Technologies AG and gave the company a neutral rating in a research note on Wednesday, July 6th. Kepler Capital Markets set a €11.40 ($12.67) target price on Infineon Technologies AG and gave the company a neutral rating in a research note on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. set a €12.20 ($13.56) target price on Infineon Technologies AG and gave the company a neutral rating in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of €14.67 ($16.30).
Shares of Infineon Technologies AG (ETR:IFXA) opened at 15.503 on Wednesday. The firm has a 50-day moving average price of €14.98 and a 200 day moving average price of €13.43. The company has a market cap of €17.46 billion and a PE ratio of 20.507. Infineon Technologies AG has a 1-year low of €9.97 and a 1-year high of €15.72.
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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