Morgan Stanley Reiterates “€11.70” Price Target for STMicroelectronics NV (STM)
STMicroelectronics NV (EPA:STM) has been given a €11.70 ($13.76) price target by equities researchers at Morgan Stanley in a research report issued on Friday. The brokerage presently has a “sell” rating on the semiconductor producer’s stock.
A number of other equities research analysts also recently issued reports on STM. UBS AG set a €15.00 ($17.65) price target on shares of STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, June 8th. Deutsche Bank AG set a €12.00 ($14.12) price target on shares of STMicroelectronics NV and gave the company a “sell” rating in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.12) target price on shares of STMicroelectronics NV and gave the company a “neutral” rating in a research note on Monday, June 19th. J P Morgan Chase & Co set a €16.30 ($19.18) target price on shares of STMicroelectronics NV and gave the company a “buy” rating in a research note on Tuesday, July 11th. Finally, S&P Global set a €16.00 ($18.82) target price on shares of STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, July 27th. Four equities 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 stock. The company has an average rating of “Hold” and an average target price of €14.40 ($16.95).
STMicroelectronics NV (EPA:STM) traded up 0.417% during trading on Friday, hitting €16.845. 1,383,945 shares of the company traded hands. The stock has a market capitalization of €14.96 billion and a PE ratio of 34.448. STMicroelectronics NV has a 52 week low of €6.94 and a 52 week high of €17.24. The company’s 50 day moving average is €15.49 and its 200-day moving average is €14.54.
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About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal 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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