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.

TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/06/morgan-stanley-reiterates-11-70-price-target-for-stmicroelectronics-nv-stm.html.

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.

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.