Infineon Technologies (ETR:IFX) Rating Downgrade

In a research report issued to clients on Friday morning, Oddo Seydler Bank AG cut shares of Infineon Technologies (ETR:IFX) to “Reduce” rating. Oddo Seydler Bank AG currently has a EUR 13.00 target price per share on the stock. The firm target price per share gives a potential downside of -27.09 % from Infineon Technologies (ETR:IFX)’s last price.

Despite this stock rating downgrade ETR:IFX is currently trading 1.17% higher at EUR 17.75 as of 6:01 PM Frankfurt time. Infineon Technologies’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has risen 9.28% over the same time period.

Infineon Technologies (ETR:IFX) Profile

Infineon Technologies AG and its subsidiaries design, develop, manufacture and market a range of semiconductors and related system solutions. The Company’s segments include Automotive, Industrial Power Control, Power Management & Multimarket, and Chip Card & Security. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications.

Infineon Technologies (ETR:IFX) traded up 1.17% on 3 February, hitting EUR 17.75. A total of 5.27 million shares of the company’s stock traded hands. This is up from average of 3.21 million shares. Infineon Technologies has a 52 week low of EUR 10.11 and a 52 week high of EUR 17.9. The company has a market cap of 20.13 billion EUR and a P/E ratio of 26.92.

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The post Oddo Seydler Bank AG Decreases Infineon Technologies (ETR:IFX) Rating to “Reduce” and kept EUR 13.00 Target appeared first on Octafinance.