Rating Watching: S&P Capital IQ Reconfirms EUR 17.00 Price Objective On Infineon Technologies (ETR:IFX), Reconfirms Hold Rating

November 24, 2016 - By Louis Casey

Rating Watching: S&P Capital IQ Reconfirms EUR 17.00 Price Objective On Infineon Technologies (ETR:IFX), Reconfirms Hold Rating

Infineon Technologies (ETR:IFX) Rating

In analysts report issued on today, S&P Capital IQ kept their Hold rating on Infineon Technologies (ETR:IFX)‘s stock. The price target would suggest a potential upside of 1.13% from company’s stock close price.

Infineon Technologies AG (ETR:IFX) Ratings Coverage

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 -11.18% below today’s (€16.64) stock price. Infineon Technologies has been the topic of 137 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Saturday, November 28 by BNP Paribas. The stock of Infineon Technologies AG (ETR:IFX) earned “Neutral” rating by BNP Paribas on Saturday, February 6. The stock has “Buy” rating given by Independent Research on Saturday, July 16. As per Wednesday, February 24, the company rating was maintained by BNP Paribas. The firm has “Buy” rating given on Thursday, July 14 by Deutsche Bank. Commerzbank upgraded the shares of IFX in a report on Monday, August 24 to “Add” rating. The rating was upgraded by Credit Suisse to “Outperform” on Saturday, September 10. The firm has “Buy” rating by Deutsche Bank given on Saturday, November 28. The firm has “Outperform” rating by BNP Paribas given on Thursday, August 13. The rating was upgraded by Deutsche Bank on Tuesday, March 1 to “Buy”.

About 2.59M 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 22.47 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

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