Infineon Technologies (ETR:IFX) Rating Upgrade

In a research note issued to investors and clients on 15 July, Independent Research GmbH has upped Infineon Technologies (ETR:IFX) stock to Buy and has set a 12 month price target at EUR 15.70. Independent Research GmbH’s target is 15.87 % from IFX’s last price.

ETR:IFX Price Chart & Trend

The stock price of Infineon Technologies has increased 27.74% over the last 200 days, and is in mighty up trend. In the last 50 and 100 days, Infineon Technologies is up 13.09% and up 21.34%, 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 -0.33% on 15 July, hitting EUR 13.56. A total of 4.12 million shares of the company’s stock traded hands. This is down from average of 5.21 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 15.35 billion EUR and a P/E ratio of 20.21.

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 at Independent Research GmbH with EUR 15.70 Target Price per Share appeared first on Octafinance.