STMicroelectronics (EPA:STM) has been assigned a €20.50 ($23.84) price target by investment analysts at Credit Suisse Group in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s target price would suggest a potential upside of 3.17% from the company’s current price.
STM has been the topic of a number of other research reports. Goldman Sachs Group set a €21.50 ($25.00) price target on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Monday, August 20th. Societe Generale restated a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of STMicroelectronics in a research report on Monday, September 17th. Deutsche Bank set a €17.00 ($19.77) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, Baader Bank set a €20.50 ($23.84) price objective on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of €20.06 ($23.33).
Shares of EPA STM traded up €0.08 ($0.09) during midday trading on Wednesday, reaching €19.87 ($23.10). The stock had a trading volume of 1,220,000 shares, compared to its average volume of 2,270,000. STMicroelectronics has a twelve month low of €12.40 ($14.42) and a twelve month high of €21.45 ($24.94).
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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