Bank of America Corporation set a €29.00 ($34.12) target price on Infineon Technologies AG (ETR:IFXA) in a research note published on Tuesday morning. The firm currently has a buy rating on the technology company’s stock.
Several other research analysts also recently weighed in on the stock. BNP Paribas restated a sell rating on shares of Infineon Technologies AG in a research report on Friday, July 21st. Morgan Stanley set a €11.00 ($12.94) price target on shares of Infineon Technologies AG and gave the stock a sell rating in a research report on Friday, October 6th. Credit Suisse Group set a €21.00 ($24.71) price target on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Tuesday, June 27th. Baader Bank set a €20.00 ($23.53) price target on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Friday, June 30th. Finally, Citigroup Inc. set a €21.25 ($25.00) price target on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Infineon Technologies AG has an average rating of Hold and a consensus target price of €19.90 ($23.41).
Infineon Technologies AG (ETR IFXA) opened at 22.223 on Tuesday. Infineon Technologies AG has a 12 month low of €14.86 and a 12 month high of €22.67. The stock’s 50 day moving average price is €20.91 and its 200-day moving average price is €19.48. The stock has a market cap of €25.09 billion and a price-to-earnings ratio of 30.153.
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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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