STMicroelectronics (STM) PT Set at €23.00 by JPMorgan Chase & Co.

STMicroelectronics (EPA:STM) received a €23.00 ($27.38) price objective from stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 20.61% from the company’s previous close.

A number of other analysts have also issued reports on the company. Goldman Sachs Group set a €21.00 ($25.00) price objective on STMicroelectronics and gave the company a “neutral” rating in a research note on Thursday, January 18th. Societe Generale reiterated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, January 17th. UBS Group set a €15.50 ($18.45) price objective on STMicroelectronics and gave the company a “sell” rating in a research note on Tuesday, January 16th. Deutsche Bank set a €16.00 ($19.05) price objective on STMicroelectronics and gave the company a “sell” rating in a research note on Friday, January 12th. Finally, Credit Suisse Group set a €24.50 ($29.17) price objective on STMicroelectronics and gave the company a “buy” rating in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €19.51 ($23.23).

STMicroelectronics (EPA:STM) traded up €0.14 ($0.17) during trading hours on Wednesday, hitting €19.07 ($22.70). The company had a trading volume of 3,310,000 shares, compared to its average volume of 2,220,000. STMicroelectronics has a 12 month low of €11.12 ($13.24) and a 12 month high of €21.45 ($25.54). The company has a market cap of $17,400.00 and a price-to-earnings ratio of 65.76.

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STMicroelectronics Company Profile

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 (EPA:STM)

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