STMicroelectronics (EPA:STM) received a €15.50 ($19.14) price objective from equities researchers at UBS Group in a research note issued to investors on Monday, www.boersen-zeitung.de reports. The firm currently has a “sell” rating on the semiconductor producer’s stock. UBS Group’s price target points to a potential downside of 22.42% from the company’s current price.
STM has been the subject of a number of other reports. Baader Bank set a €21.50 ($26.54) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Tuesday, November 21st. JPMorgan Chase & Co. set a €23.00 ($28.40) target price on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Monday, February 19th. Deutsche Bank set a €16.00 ($19.75) target price on shares of STMicroelectronics and gave the company a “sell” rating in a research note on Tuesday, December 26th. Credit Suisse Group reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Tuesday, December 19th. Finally, S&P Global set a €21.30 ($26.30) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €19.98 ($24.66).
Shares of STMicroelectronics (EPA:STM) traded up €0.19 ($0.23) on Monday, reaching €19.98 ($24.67). 1,050,000 shares of the company’s stock were exchanged, compared to its average volume of 2,400,000. The stock has a market cap of $18,210.00 and a price-to-earnings ratio of 68.90. STMicroelectronics has a 1-year low of €12.40 ($15.31) and a 1-year high of €21.45 ($26.48).
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.
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