Goldman Sachs Group, Inc. (The) Analysts Give STMicroelectronics NV (STM) a €16.30 Price Target
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.
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.
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.