Infineon Technologies (ETR:IFXA) Given a €21.00 Price Target by Berenberg Bank Analysts

Berenberg Bank set a €21.00 ($24.42) price objective on Infineon Technologies (ETR:IFXA) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Barclays set a €15.50 ($18.02) target price on shares of Infineon Technologies and gave the company a sell rating in a report on Wednesday. Goldman Sachs Group set a €21.00 ($24.42) target price on shares of Infineon Technologies and gave the company a buy rating in a report on Tuesday. Independent Research set a €22.70 ($26.40) target price on shares of Infineon Technologies and gave the company a buy rating in a report on Tuesday. Deutsche Bank set a €25.00 ($29.07) target price on shares of Infineon Technologies and gave the company a buy rating in a report on Wednesday. Finally, Bankhaus Lampe set a €16.50 ($19.19) target price on shares of Infineon Technologies and gave the company a neutral rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of €20.64 ($23.99).

The stock’s 50-day moving average price is €19.70. Infineon Technologies has a 1-year low of €13.43 ($15.62) and a 1-year high of €19.70 ($22.91).

About Infineon Technologies

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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Analyst Recommendations for Infineon Technologies (ETR:IFXA)

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