Infineon Technologies (ETR:IFX) Stock Upgrade
The stock rating of Infineon Technologies (ETR:IFX) shares was hiked by analysts at Baader Wertpapierhandelsbank to a respectable Buy. They currently have a PT of EUR 15.50 on IFX. Baader Wertpapierhandelsbank’s PT may suggest a possible upside of 14.14% from the price per share of the company.
From a total of 17 analysts covering Infineon Technologies (ETR:IFX) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is €16.50 while the lowest target price is €9.40. The mean of all analyst targets is €12.92 with a -5.00% below today’s (€13.6) stock price. Infineon Technologies was the topic of 43 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Baader Wertpapierhandelsbank upgraded shares on November 28 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €10 target share price in a report from a November 27. BNP Paribas upgraded IFX stock in a recent report from November 28 to “Outperform” rating. Independent Research maintained the rating on November 27. Independent Research has a “Hold” rating and a €13 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on a November 27.
The stock increased 3.62% or EUR 0.48 on November 27, striking EUR 13.6. Approximately 8.47M shares of stock traded hands or 44.05% up from the average. Infineon Technologies AG (ETR:IFX) has risen 7.50% since May 1, 2015 and is uptrending. It has outperformed by 8.39% the S&P500.
Infineon Technologies AG is a Germany firm developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. The company has a market cap of 15.36 billion EUR. It diversifies its activities into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. It has 34.37 P/E ratio. The Automotive division designs, develops, makes and markets semiconductors for use in automotive applications.