Infineon Technologies AG (IFXA) Receives €18.37 Average Target Price from Brokerages
Infineon Technologies AG (ETR:IFXA) has received an average recommendation of “Buy” from the twenty-four brokerages that are covering the stock. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is €18.40 ($19.58).
IFXA has been the subject of a number of research reports. Goldman Sachs Group Inc set a €19.00 ($20.21) target price on shares of Infineon Technologies AG and gave the stock a “neutral” rating in a report on Thursday, January 19th. Barclays PLC set a €17.20 ($18.30) target price on shares of Infineon Technologies AG and gave the stock a “neutral” rating in a report on Monday, March 27th. Warburg Research set a €16.00 ($17.02) target price on shares of Infineon Technologies AG and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Citigroup Inc set a €18.50 ($19.68) target price on shares of Infineon Technologies AG and gave the stock a “buy” rating in a report on Tuesday, January 31st. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Infineon Technologies AG in a report on Tuesday.
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Shares of Infineon Technologies AG (ETR:IFXA) traded up 1.825% during midday trading on Monday, reaching €18.525. The company’s stock had a trading volume of 10 shares. The stock has a 50 day moving average of €17.96 and a 200-day moving average of €16.71. The company has a market capitalization of €20.88 billion and a P/E ratio of 27.732. Infineon Technologies AG has a 1-year low of €11.72 and a 1-year high of €19.28.
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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