Infineon Technologies (ETR:IFXA) received a €21.00 ($24.42) target price from equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the technology company’s stock.
IFXA has been the subject of several other research reports. Nord/LB set a €18.00 ($20.93) price objective on shares of Infineon Technologies and gave the stock a “neutral” rating in a research report on Wednesday. DZ Bank reissued a “neutral” rating on shares of Infineon Technologies in a research report on Thursday, August 1st. Barclays set a €15.50 ($18.02) price objective on shares of Infineon Technologies and gave the stock a “sell” rating in a research report on Wednesday. UBS Group set a €23.50 ($27.33) price objective on shares of Infineon Technologies and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank set a €25.00 ($29.07) price objective on shares of Infineon Technologies and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of €20.70 ($24.08).
Infineon Technologies has a 52-week low of €13.43 ($15.62) and a 52-week high of €19.70 ($22.91). The firm’s 50-day moving average price is €19.70.
About Infineon Technologies
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.
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