Credit Suisse Group set a €24.00 ($28.24) price objective on Infineon Technologies AG (ETR:IFXA) in a report published on Tuesday morning. The firm currently has a buy rating on the technology company’s stock.
A number of other analysts have also recently commented on the company. Morgan Stanley set a €11.00 ($12.94) target price on Infineon Technologies AG and gave the stock a sell rating in a research report on Friday, October 6th. BNP Paribas reiterated a sell rating on shares of Infineon Technologies AG in a research report on Friday, July 21st. Bank of America Corporation set a €29.00 ($34.12) target price on Infineon Technologies AG and gave the stock a buy rating in a research report on Tuesday, October 17th. Baader Bank set a €20.00 ($23.53) target price on 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) target price on 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 given a hold rating and thirteen have assigned a buy rating to the company. Infineon Technologies AG has an average rating of Hold and an average target price of €20.03 ($23.56).
Shares of Infineon Technologies AG (ETR:IFXA) opened at 23.459 on Tuesday. The firm’s 50-day moving average price is €21.32 and its 200 day moving average price is €19.60. Infineon Technologies AG has a 1-year low of €14.86 and a 1-year high of €23.46. The stock has a market cap of €26.49 billion and a P/E ratio of 31.830.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/27/credit-suisse-group-analysts-give-infineon-technologies-ag-ifxa-a-24-00-price-target.html.
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.
Receive News & Ratings for Infineon Technologies AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies AG and related companies with MarketBeat.com's FREE daily email newsletter.