Deutsche Bank AG Analysts Give STMicroelectronics NV (STM) a €5.50 Price Target
STMicroelectronics NV (EPA:STM) received a €5.50 ($6.11) price target from investment analysts at Deutsche Bank AG in a note issued to investors on Friday. The brokerage currently has a a “sell” rating on the stock.
Several other research firms also recently weighed in on STM. JPMorgan Chase & Co. set a €5.60 ($6.22) target price on STMicroelectronics NV and gave the company a “sell” rating in a research report on Thursday, July 28th. S&P Global Inc. set a €6.50 ($7.22) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, July 28th. Bank of America Corp. set a €4.50 ($5.00) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research note on Friday, September 2nd. Citigroup Inc. reiterated a “neutral” rating on shares of STMicroelectronics NV in a research note on Thursday, September 8th. Finally, Morgan Stanley reissued a “neutral” rating on shares of STMicroelectronics NV in a report on Monday. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €6.20 ($6.89).
STMicroelectronics NV (EPA:STM) opened at 7.201 on Friday. STMicroelectronics NV has a 1-year low of €4.49 and a 1-year high of €7.54. The stock has a 50 day moving average price of €6.98 and a 200-day moving average price of €5.82. The company has a market capitalization of €6.36 billion and a price-to-earnings ratio of 85.726.
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About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.
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