STMicroelectronics NV (STM) Given a €16.30 Price Target by J P Morgan Chase & Co Analysts
STMicroelectronics NV (EPA:STM) received a €16.30 ($19.40) price objective from equities research analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the semiconductor producer’s stock.
A number of other analysts have also recently weighed in on STM. Deutsche Bank AG set a €12.00 ($14.29) price target on shares of STMicroelectronics NV and gave the stock a “sell” rating in a research note on Friday, May 12th. UBS AG set a €14.80 ($17.62) price target on shares of STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) set a €13.70 ($16.31) price target on shares of STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Monday, June 19th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. STMicroelectronics NV has an average rating of “Hold” and an average price target of €13.84 ($16.48).
STMicroelectronics NV (EPA STM) opened at 15.565 on Friday. The company’s 50-day moving average is €14.47 and its 200-day moving average is €14.27. STMicroelectronics NV has a 52-week low of €6.55 and a 52-week high of €15.88. The firm has a market capitalization of €13.82 billion and a P/E ratio of 31.830.
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About STMicroelectronics NV
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products, and subsystems and modules worldwide. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom devices 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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