The Baader Bank Reiterates “€20.00” Price Target for Infineon Technologies AG (IFXA)

The Baader Bank Reiterates “€20.00” Price Target for Infineon Technologies AG (IFXA)

Several other analysts have also recently weighed in on the company. Commerzbank Ag set a €23.00 ($25.84) price objective on Infineon Technologies AG and gave the company a buy rating in a research report on Tuesday, May 30th. Berenberg Bank set a €20.00 ($22.47) price objective on Infineon Technologies AG and gave the company a buy rating in a research report on Monday, May 29th. Goldman Sachs Group Inc set a €22.00 ($24.72) price objective on Infineon Technologies AG and gave the company a buy rating in a research report on Monday, May 29th. Deutsche Bank AG reaffirmed a buy rating on shares of Infineon Technologies AG in a research report on Monday, May 22nd. Finally, Nord/LB set a €21.00 ($23.60) price objective on Infineon Technologies AG and gave the company a buy rating in a research report on Monday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Infineon Technologies AG has an average rating of Buy and an average price target of €18.78 ($21.10).

Baader Bank set a €20.00 ($22.47) price objective on Infineon Technologies AG (ETR:IFXA) in a report issued on Wednesday morning. The firm currently has a buy rating on the technology company’s stock.

Infineon Technologies AG (ETR IFXA) opened at 20.008 on Wednesday. The firm has a 50-day moving average price of €18.96 and a 200 day moving average price of €17.40. The company has a market cap of €22.59 billion and a price-to-earnings ratio of 29.685. Infineon Technologies AG has a one year low of €12.00 and a one year high of €20.01. 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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