November 24, 2016 - By Darrin Black
Equity research analysts at Warburg Research have EUR 15.30 price target on Infineon Technologies (ETR:IFX). Warburg Research’s price target means a potential downside of -8.98% from the company’s previous close. The rating was revealed to investors in an analyst note on Thursday, 24 November.
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 -11.02% below today’s (€16.61) 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) earned “Neutral” rating by Goldman Sachs on Wednesday, June 29. The firm earned “Market Perform” rating on Thursday, January 7 by Bernstein. Bernstein maintained the stock with “Market Perform” rating in Wednesday, May 4 report. Citigroup maintained Infineon Technologies AG (ETR:IFX) on Thursday, November 26 with “Neutral” rating. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Thursday, September 17 by Bernstein. The rating was upgraded by Bernstein on Wednesday, July 13 to “Outperform”. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Friday, July 31 by BNP Paribas. On Wednesday, May 4 the stock rating was upgraded by Independent Research to “Buy”. Baader Wertpapierhandelsbank upgraded the stock to “Buy” rating in Saturday, July 16 report. Bankhaus Lampe maintained it with “Hold” rating and €11 target price in Thursday, July 30 report.
About 2.56M 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 18.81 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 22.43 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.
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By Darrin Black