Berenberg Bank set a €20.00 ($21.05) target price on Infineon Technologies AG (ETR:IFXA) in a report published on Thursday morning. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on IFXA. BNP Paribas set a €13.40 ($14.11) price target on shares of Infineon Technologies AG and gave the company a neutral rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a €13.80 ($14.53) price objective on Infineon Technologies AG and gave the company a buy rating in a report on Friday, July 29th. Baader Bank set a €14.50 ($15.26) price objective on Infineon Technologies AG and gave the company a buy rating in a report on Tuesday, August 2nd. Hauck & Aufhaeuser set a €12.40 ($13.05) price objective on Infineon Technologies AG and gave the company a neutral rating in a report on Tuesday, August 2nd. Finally, Bankhaus Lampe set a €13.00 ($13.68) price objective on Infineon Technologies AG and gave the company a neutral rating in a 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 given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of €15.80 ($16.63).

Infineon Technologies AG (ETR:IFXA) opened at 16.00 on Thursday. Infineon Technologies AG has a 12-month low of €10.23 and a 12-month high of €17.08. The stock has a 50 day moving average of €15.85 and a 200-day moving average of €14.44. The company has a market capitalization of €18.02 billion and a PE ratio of 24.21.

TRADEMARK VIOLATION NOTICE: “Infineon Technologies AG (IFXA) Given a €20.00 Price Target by Berenberg Bank Analysts” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at http://www.dailypolitical.com/2016/11/29/infineon-technologies-ag-ifxa-given-a-20-00-price-target-by-berenberg-bank-analysts.html.

Infineon Technologies AG Company Profile

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.

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