STMicroelectronics NV (EPA:STM) received a €16.30 ($19.40) target price from equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the semiconductor producer’s stock.

STM has been the subject of a number of other research reports. BNP Paribas set a €19.00 ($22.62) target price on STMicroelectronics NV and gave the company a “buy” rating in a report on Monday, September 4th. J P Morgan Chase & Co set a €16.30 ($19.40) target price on STMicroelectronics NV and gave the company a “buy” rating in a report on Friday, September 8th. Deutsche Bank AG set a €12.00 ($14.29) target price on STMicroelectronics NV and gave the company a “sell” rating in a report on Saturday, May 20th. Credit Suisse Group set a €16.50 ($19.64) target price on STMicroelectronics NV and gave the company a “neutral” rating in a report on Thursday, July 27th. Finally, UBS AG set a €15.00 ($17.86) target price on STMicroelectronics NV and gave the company a “neutral” rating in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of €14.09 ($16.77).

Shares of STMicroelectronics NV (EPA:STM) traded down 0.06% during midday trading on Thursday, hitting €16.07. The stock had a trading volume of 17,138,626 shares. The firm has a market cap of €14.27 billion and a price-to-earnings ratio of 32.86. STMicroelectronics NV has a 12-month low of €6.87 and a 12-month high of €16.17. The company’s 50-day moving average price is €14.73 and its 200-day moving average price is €14.35.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/09/17/goldman-sachs-group-inc-the-analysts-give-stmicroelectronics-nv-stm-a-16-30-price-target.html.

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.

Analyst Recommendations for STMicroelectronics NV (EPA:STM)

Receive News & Ratings for STMicroelectronics NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics NV and related companies with MarketBeat.com's FREE daily email newsletter.