STMicroelectronics NV (STM) Given Consensus Recommendation of “Hold” by Analysts
STMicroelectronics NV (EPA:STM) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is €13.98 ($16.64).
STM has been the subject of a number of research analyst reports. UBS AG set a €14.80 ($17.62) target price on STMicroelectronics NV and gave the stock a “neutral” rating in a report on Friday, May 12th. Deutsche Bank AG set a €12.00 ($14.29) target price on STMicroelectronics NV and gave the stock a “sell” rating in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a €14.10 ($16.79) target price on STMicroelectronics NV and gave the stock a “neutral” rating in a report on Thursday, July 27th. Credit Suisse Group set a €16.50 ($19.64) target price on STMicroelectronics NV and gave the stock a “neutral” rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a target price on shares of STMicroelectronics NV in a report on Saturday, May 20th.
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STMicroelectronics NV (STM) traded up 0.65% on Friday, reaching €15.57. The company’s stock had a trading volume of 6,686,697 shares. STMicroelectronics NV has a 12-month low of €6.55 and a 12-month high of €15.88. The stock has a market cap of €13.82 billion and a PE ratio of 31.84. The company’s 50 day moving average price is €14.51 and its 200-day moving average price is €14.28.
STMicroelectronics NV Company Profile
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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