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

Berenberg Bank set a €21.00 ($24.42) price target on Infineon Technologies (ETR:IFXA) in a research note released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on IFXA. DZ Bank reiterated a neutral rating on shares of Infineon Technologies in a research report on Thursday. JPMorgan Chase & Co. set a €21.00 ($24.42) price objective on Infineon Technologies and gave the stock a buy rating in a research note on Wednesday, May 22nd. Barclays set a €15.50 ($18.02) price objective on Infineon Technologies and gave the stock a sell rating in a research note on Tuesday, June 11th. Sanford C. Bernstein set a €20.00 ($23.26) price objective on Infineon Technologies and gave the stock a buy rating in a research note on Wednesday, June 19th. Finally, Citigroup set a €21.00 ($24.42) price objective on Infineon Technologies and gave the stock a buy rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Infineon Technologies has a consensus rating of Buy and an average price target of €21.43 ($24.91).

Shares of IFXA stock remained flat at $€19.70 ($22.91) during mid-day trading on Friday. 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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