Citigroup Inc Analysts Give Infineon Technologies AG (IFXA) a €21.50 Price Target

Infineon Technologies AG (ETR:IFXA) received a €21.50 ($23.12) price objective from research analysts at Citigroup Inc in a research note issued on Monday. The firm currently has a “buy” rating on the stock.

IFXA has been the subject of several other research reports. Morgan Stanley set a €9.50 ($10.22) target price on shares of Infineon Technologies AG and gave the company a “sell” rating in a research note on Thursday, February 2nd. Deutsche Bank AG set a €20.00 ($21.51) target price on shares of Infineon Technologies AG and gave the company a “buy” rating in a research note on Monday, January 9th. Commerzbank Ag set a €20.00 ($21.51) target price on shares of Infineon Technologies AG and gave the company a “buy” rating in a research note on Friday, February 10th. Barclays PLC set a €15.75 ($16.94) target price on shares of Infineon Technologies AG and gave the company a “neutral” rating in a research note on Thursday, February 16th. Finally, Baader Bank set a €19.00 ($20.43) target price on shares of Infineon Technologies AG and gave the company a “buy” rating in a research note on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Infineon Technologies AG presently has a consensus rating of “Hold” and an average price target of €17.84 ($19.19).

Analyst Recommendations for Infineon Technologies AG (ETR:IFXA)

Infineon Technologies AG (ETR:IFXA) opened at 18.409 on Monday. The firm’s 50-day moving average is €17.18 and its 200 day moving average is €16.20. Infineon Technologies AG has a 12-month low of €11.72 and a 12-month high of €18.71. The stock has a market capitalization of €20.75 billion and a P/E ratio of 27.558.

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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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