Infineon Technologies (ETR:IFX) Upgrade of Rating

Infineon Technologies (ETR:IFX)’s rating was boosted by research professionals at Deutsche Bank AG to “Buy”. They have a target of EUR 14.50 on IFX. Deutsche Bank AG’s target indicates a potential upside of 5.99 % from the stock’s previous close.

ETR:IFX Price Chart & Trend

The stock price of Infineon Technologies went up 36.18% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Infineon Technologies is up 8.6% and up 24.57%, 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 up 1.41% on 23 June, hitting EUR 13.7. A total of 5.04M shares of the company’s stock traded hands. This is up from average of 4.36M 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 15.51B EUR and a P/E ratio of 20.42.

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

The post Frankfurt: Infineon Technologies (ETR:IFX) Rating Upped to “Buy” by Deutsche Bank AG with EUR 14.50 Target Price per Share appeared first on Octafinance.