Infineon Technologies (ETR:IFXA) Given a €23.50 Price Target at UBS Group

UBS Group set a €23.50 ($27.33) price target on Infineon Technologies (ETR:IFXA) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

Several other brokerages have also recently issued reports on IFXA. Goldman Sachs Group set a €21.50 ($25.00) target price on Infineon Technologies and gave the company a buy rating in a report on Thursday, August 1st. DZ Bank reiterated a neutral rating on shares of Infineon Technologies in a report on Thursday, August 1st. JPMorgan Chase & Co. set a €21.00 ($24.42) price target on Infineon Technologies and gave the stock a buy rating in a report on Wednesday, May 22nd. Nord/LB set a €18.00 ($20.93) price target on Infineon Technologies and gave the stock a neutral rating in a report on Thursday, August 1st. Finally, Citigroup set a €21.00 ($24.42) price target on Infineon Technologies and gave the stock a buy rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. Infineon Technologies currently has a consensus rating of Buy and an average price target of €21.43 ($24.91).

The company has a 50-day simple moving average of €19.70. Infineon Technologies has a twelve month low of €13.43 ($15.62) and a twelve month high of €19.70 ($22.91).

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions in Europe, the Middle East, Africa, the Asia-Pacific, Japan, and Americas. It operates in four segments: Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security.

Featured Story: Why is Cost of Capital Important?

Analyst Recommendations for Infineon Technologies (ETR:IFXA)

Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.