November 24, 2016 - By Adrian Mccoy
Infineon Technologies (ETR:IFX) was upgraded by Bankhaus Lampe KG to a Buy rating in a analysts note revealed to clients on Thursday morning. The firm currently has EUR 18.00 price target on the stock. Bankhaus Lampe KG’s target is 7.08% from IFX’s last price.
Out of 21 analysts covering Infineon Technologies (ETR:IFX), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. €18.50 is the highest target while €9 is the lowest. The €14.78 average target is -11.12% below today’s (€16.63) stock price. Infineon Technologies has been the topic of 137 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Baader Wertpapierhandelsbank on Wednesday, May 18. Oddo & Cie maintained the shares of IFX in a report on Monday, November 30 with “Neutral” rating. The company was upgraded on Saturday, September 26 by BNP Paribas. BNP Paribas upgraded it to “Outperform” rating and €15 target price in Wednesday, December 16 report. The rating was maintained by BNP Paribas on Tuesday, August 23 with “Neutral”. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Thursday, June 23 by Bernstein. The firm has “Hold” rating given on Thursday, August 4 by Landesbank. The firm earned “Outperform” rating on Thursday, August 20 by Credit Suisse. The stock has “Outperform” rating given by Credit Suisse on Saturday, January 30. On Saturday, July 16 the stock rating was maintained by Bankhaus Lampe with “Hold”.
About 2.60M shares traded hands. Infineon Technologies AG (ETR:IFX) has risen 4.05% since April 27, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.
Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The company has a market cap of 18.84 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 22.46 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.
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By Adrian Mccoy