Infineon Technologies AG (IFNNF) Received its Third Buy in a Row
After Citigroup and Deutsche Bank gave Infineon Technologies AG (Other OTC: IFNNF) a Buy rating last month, the company received another Buy, this time from UBS. Analyst David Mulholland maintained a Buy rating on Infineon Technologies AG today and set a price target of $25. The company’s shares opened today at $22.50.
According to TipRanks.com, Mulholland is ranked #1777 out of 5175 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infineon Technologies AG with a $24.82 average price target, which is a 10.3% upside from current levels. In a report issued on March 27, Berenberg Bank also maintained a Buy rating on the stock with a $24 price target.
See today’s analyst top recommended stocks >>
Infineon Technologies AG’s market cap is currently $25.57B and has a P/E ratio of 19.18. The company has a Price to Book ratio of 3.31.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Chip Card and Security. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications.