STMicroelectronics (EPA:STM) received a €24.50 ($29.17) price target from equities research analysts at Credit Suisse Group in a report released on Thursday. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price target points to a potential upside of 28.47% from the stock’s current price.
Several other research analysts have also recently commented on the stock. Morgan Stanley set a €11.70 ($13.93) target price on shares of STMicroelectronics and gave the stock a “sell” rating in a report on Friday, October 6th. Kepler Capital Markets reiterated a “sell” rating on shares of STMicroelectronics in a report on Monday, November 20th. Citigroup set a €21.00 ($25.00) target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Friday, October 27th. UBS Group set a €13.00 ($15.48) target price on shares of STMicroelectronics and gave the stock a “sell” rating in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. set a €26.00 ($30.95) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. STMicroelectronics currently has a consensus rating of “Hold” and an average target price of €19.08 ($22.71).
Shares of STMicroelectronics (STM) traded up €0.14 ($0.17) on Thursday, hitting €19.07 ($22.70). 3,310,000 shares of the company’s stock traded hands, compared to its average volume of 2,220,000. STMicroelectronics has a one year low of €11.12 ($13.24) and a one year high of €21.45 ($25.54). The firm has a market capitalization of $17,400.00 and a PE ratio of 65.76.
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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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