Trading Report: Today, Infineon Technologies AG (IFXA) Given a €16.50 Price Target at Baader Bank

Today, Infineon Technologies AG (IFXA) Given a €16.50 Price Target at Baader Bank

Baader Bank set a €16.50 ($17.37) target price on Infineon Technologies AG (ETR:IFXA) in a research note issued to investors on Wednesday. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on IFXA. Goldman Sachs Group Inc. set a €16.60 ($17.47) price objective on Infineon Technologies AG and gave the stock a neutral rating in a report on Tuesday, October 18th. Morgan Stanley set a €9.00 ($9.47) price target on Infineon Technologies AG and gave the stock a sell rating in a research report on Wednesday, November 23rd. BNP Paribas set a €13.40 ($14.11) price target on Infineon Technologies AG and gave the stock a neutral rating in a research report on Monday, August 22nd. Credit Suisse Group AG set a €15.00 ($15.79) price target on Infineon Technologies AG and gave the stock a buy rating in a research report on Friday, September 9th. Finally, Oddo Securities set a €13.00 ($13.68) price target on Infineon Technologies AG and gave the stock a sell rating in a research report on Monday, September 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of €15.80 ($16.63).

Infineon Technologies AG (ETR:IFXA) opened at 15.727 on Wednesday. The firm has a market cap of €17.71 billion and a price-to-earnings ratio of 20.803. Infineon Technologies AG has a 1-year low of €10.23 and a 1-year high of €17.08. The company’s 50-day moving average price is €15.86 and its 200 day moving average price is €14.44.

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