Infineon Technologies (ETR:IFX) Rating Reaffirmed
They currently have a EUR 10.00 target PPS on Infineon Technologies (ETR:IFX). The target price by Kepler Cheuvreux would suggest a potential downside of -24.01% from the company’s previous close. This has been disclosed in an analyst note on Friday morning.
From a total of 16 analysts covering Infineon Technologies (ETR:IFX) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is €14 while the lowest target price is €9.40. The mean of all analyst targets is €11.78 with a -10.21% below today’s (€13.12) stock price. Infineon Technologies was the topic of 35 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Credit Suisse upgraded shares on November 26 to “Outperform” rating. Oddo & Cie upgraded shares to “Buy” rating and €12.50 target share price in a report from a November 24. Bernstein upgraded IFX stock in a recent report from November 26 to “Outperform” rating. Kepler Cheuvreux maintained the rating on November 21. Kepler Cheuvreux has a “Hold” rating and a €10 price target on shares. Finally, Bankhaus Lampe maintained the stock with “Hold” rating in a report issued on a November 24.
The stock increased 12.85% or EUR 1.49 on November 26, striking EUR 13.12. Approximately 21.43 million shares of stock traded hands or 260.77% up from the average. Infineon Technologies AG (ETR:IFX) has risen 7.50% since April 30, 2015 and is uptrending. It has outperformed by 8.86% 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 14.82 billion EUR. It diversifies its activities into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. It has 33.17 P/E ratio. The Automotive division designs, develops, makes and markets semiconductors for use in automotive applications.