Infineon Technologies (ETR:IFX) Upgrade of Rating

In a report issued on Monday morning, Norddeutsche Landesbank upped shares of Infineon Technologies (ETR:IFX) to “Buy” rating. Norddeutsche Landesbank currently has a EUR 15.00 target on the stock. The firm target would suggest a potential upside of 19.71 % from Infineon Technologies (ETR:IFX)’s last stock close price.

In spite of the stock upgrade ETR:IFX is right now trading -0.75% lower at EUR 12.52 as of 17:29 Frankfurt time. Infineon Technologies shares have gained 10.24% over the past 200 days, while the S&P500 has increased 0.85% in the same time.

ETR:IFX Price Chart & Trend

The stock price of Infineon Technologies gained 10.24% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, Infineon Technologies is up 20.55% and down 11.76%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Infineon Technologies (ETR:IFX) Profile

Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The Company operates through four segments: 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 down -0.75% on 18 April, hitting EUR 12.52. A total of 4.20 million shares of the company’s stock traded hands. This is down from average of 5.18 million shares. Infineon Technologies has a 52 week low of EUR 8.32 and a 52 week high of EUR 14.19. The company has a market cap of 14.16 billion EUR and a P/E ratio of 21.96.

Get the latest Infineon Technologies (ETR:IFX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Infineon Technologies (ETR:IFX) Increased to “Buy” Rating by Analysts at Norddeutsche Landesbank. The TP is EUR 15.00 appeared first on Octafinance.