Sanford C. Bernstein Reiterates €21.00 Price Target for Infineon Technologies (ETR:IFXA)

Sanford C. Bernstein set a €21.00 ($24.42) price objective on Infineon Technologies (ETR:IFXA) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group set a €21.00 ($24.42) price target on shares of Infineon Technologies and gave the company a buy rating in a research report on Tuesday, November 12th. Barclays set a €15.50 ($18.02) price objective on shares of Infineon Technologies and gave the stock a sell rating in a report on Wednesday, November 13th. Warburg Research set a €21.50 ($25.00) price objective on Infineon Technologies and gave the company a neutral rating in a research report on Thursday, November 14th. UBS Group set a €23.50 ($27.33) target price on Infineon Technologies and gave the stock a buy rating in a report on Tuesday, November 12th. Finally, Kepler Capital Markets set a €18.50 ($21.51) target price on Infineon Technologies and gave the stock a neutral rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of €20.38 ($23.70).

The company’s 50 day moving average price is €19.70. Infineon Technologies has a 12-month low of €13.43 ($15.62) and a 12-month high of €19.70 ($22.91).

Infineon Technologies Company Profile

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.

Featured Story: What causes a recession?

Analyst Recommendations for Infineon Technologies (ETR:IFXA)

Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.