STMicroelectronics (EPA:STM) received a €24.50 ($29.17) price objective from Credit Suisse Group in a report issued on Thursday. The firm currently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price target would indicate a potential upside of 25.06% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Morgan Stanley set a €11.70 ($13.93) price target on STMicroelectronics and gave the stock a “sell” rating in a research note on Friday, October 6th. Kepler Capital Markets restated a “sell” rating on shares of STMicroelectronics in a research note on Monday, November 20th. Citigroup set a €21.00 ($25.00) price target on STMicroelectronics and gave the stock a “neutral” rating in a research note on Friday, October 27th. UBS Group set a €13.00 ($15.48) price target on STMicroelectronics and gave the stock a “sell” rating in a research note on Thursday, October 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €18.77 ($22.35).
STMicroelectronics (STM) opened at €19.59 ($23.32) on Thursday. The stock has a market capitalization of $17,890.00 and a P/E ratio of 65.30. STMicroelectronics has a 12 month low of €10.26 ($12.21) and a 12 month high of €21.45 ($25.54).
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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