Morgan Stanley Reiterates €9.50 Price Target for Infineon Technologies AG (ETR:IFXA)

Morgan Stanley set a €9.50 ($11.18) target price on Infineon Technologies AG (ETR:IFXA) in a research report report published on Monday, July 17th. The firm currently has a sell rating on the technology company’s stock.

Several other equities analysts also recently weighed in on the stock. Citigroup Inc. set a €21.50 ($25.29) price target on shares of Infineon Technologies AG and gave the company a buy rating in a report on Monday, March 27th. Baader Bank set a €20.00 ($23.53) price target on shares of Infineon Technologies AG and gave the company a buy rating in a report on Monday, March 27th. Kepler Capital Markets set a €21.50 ($25.29) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Monday, March 27th. Commerzbank Ag set a €22.00 ($25.88) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Monday, March 27th. Finally, J P Morgan Chase & Co set a €21.50 ($25.29) target price on shares of Infineon Technologies AG and gave the stock a buy rating in a report on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Infineon Technologies AG presently has an average rating of Hold and a consensus price target of €19.18 ($22.57).

Infineon Technologies AG (ETR IFXA) traded down 0.609% on Monday, reaching €18.946. 913 shares of the company’s stock were exchanged. The company has a market cap of €21.39 billion and a PE ratio of 25.707. The firm’s 50 day moving average price is €18.87 and its 200 day moving average price is €18.41. Infineon Technologies AG has a 52-week low of €13.73 and a 52-week high of €20.47.

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About Infineon Technologies AG

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket.

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