Todays Report: The Infineon Technologies AG (IFXA) PT Set at €20.00 by Berenberg Bank

The Infineon Technologies AG (IFXA) PT Set at €20.00 by Berenberg Bank

Infineon Technologies AG (ETR:IFXA) received a €20.00 ($21.51) target price from Berenberg Bank in a report released on Thursday. The brokerage currently has a “buy” rating on the stock.

Several other analysts have also recently issued reports on IFXA. BNP Paribas set a €13.40 ($14.41) target price on Infineon Technologies AG and gave the company a “neutral” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. set a €13.80 ($14.84) price objective on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Friday, July 29th. Baader Bank set a €14.50 ($15.59) price objective on Infineon Technologies AG and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Hauck & Aufhaeuser set a €12.40 ($13.33) price objective on Infineon Technologies AG and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Bankhaus Lampe set a €13.00 ($13.98) price objective on Infineon Technologies AG and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €15.76 ($16.95).

Shares of Infineon Technologies AG (ETR:IFXA) opened at 15.727 on Thursday. Infineon Technologies AG has a 12-month low of €10.23 and a 12-month high of €17.08. The firm’s 50-day moving average price is €15.87 and its 200 day moving average price is €14.38. The company has a market cap of €17.71 billion and a price-to-earnings ratio of 20.803.

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