The Goldman Sachs Group, Inc. (The) Reiterates “€21.30” Price Target for Infineon Technologies AG (IFXA)

The Goldman Sachs Group, Inc. (The) Reiterates “€21.30” Price Target for Infineon Technologies AG (IFXA)

Goldman Sachs Group, Inc. (The) set a €21.30 ($25.06) price target on Infineon Technologies AG (ETR:IFXA) in a report issued on Wednesday. The firm currently has a neutral rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on IFXA. Independent Research GmbH set a €19.50 ($22.94) price objective on shares of Infineon Technologies AG and gave the stock a neutral rating in a research report on Tuesday, August 1st. Kepler Capital Markets set a €21.50 ($25.29) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Wednesday, August 2nd. UBS AG set a €21.00 ($24.71) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Friday, September 29th. J P Morgan Chase & Co set a €21.50 ($25.29) price objective on shares of Infineon Technologies AG and gave the stock a buy rating in a research report on Monday, July 31st. Finally, Warburg Research set a €18.00 ($21.18) price objective on shares of Infineon Technologies AG and gave the stock a neutral rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €19.41 ($22.84).

Infineon Technologies AG (ETR IFXA) opened at 21.749 on Wednesday. The company has a market capitalization of €24.55 billion and a P/E ratio of 29.510. The company’s 50-day moving average is €20.47 and its 200 day moving average is €19.36. Infineon Technologies AG has a one year low of €14.86 and a one year high of €21.97.

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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