Infineon Technologies (ETR:IFXA) Given a €23.00 Price Target by Deutsche Bank Analysts
Deutsche Bank set a €23.00 ($26.74) price target on Infineon Technologies (ETR:IFXA) in a research note published on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.
A number of other research firms also recently issued reports on IFXA. Barclays reaffirmed a hold rating on shares of Bank of Montreal in a report on Tuesday, June 11th. Credit Suisse Group set a €92.00 ($106.98) price objective on shares of Bayerische Motoren Werke and gave the stock a buy rating in a report on Wednesday, May 8th. Societe Generale downgraded shares of Infineon Technologies from a buy rating to a hold rating in a report on Wednesday, May 8th. Berenberg Bank reaffirmed a hold rating and set a GBX 95 ($1.24) price objective on shares of Gem Diamonds in a report on Wednesday, May 8th. Finally, Nord/LB set a €115.00 ($133.72) price objective on shares of SAP and gave the stock a neutral rating in a report on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. Infineon Technologies currently has a consensus rating of Buy and an average price target of €21.48 ($24.97).
Shares of ETR IFXA remained flat at $€19.70 ($22.91) during mid-day trading on Monday. Infineon Technologies has a fifty-two week low of €13.43 ($15.62) and a fifty-two week high of €19.70 ($22.91).
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.
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