STMicroelectronics NV (STM) Receives Average Recommendation of “Buy” from Brokerages

Shares of STMicroelectronics NV (EPA:STM) have earned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is €19.02 ($22.11).

A number of brokerages have recently issued reports on STM. Barclays set a €26.00 ($30.23) price target on shares of STMicroelectronics and gave the company a “buy” rating in a report on Wednesday, October 24th. Goldman Sachs Group set a €21.50 ($25.00) price target on shares of STMicroelectronics and gave the company a “neutral” rating in a report on Wednesday, October 24th. Deutsche Bank set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a “buy” rating in a report on Tuesday, October 2nd. Credit Suisse Group set a €27.00 ($31.40) price target on shares of STMicroelectronics and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, Baader Bank set a €20.50 ($23.84) price target on shares of STMicroelectronics and gave the company a “neutral” rating in a report on Wednesday, July 25th.

Shares of EPA STM traded up €0.08 ($0.09) during trading on Thursday, reaching €19.87 ($23.10). 1,220,000 shares of the company traded hands, compared to its average volume of 2,270,000. STMicroelectronics has a 52-week low of €12.40 ($14.42) and a 52-week high of €21.45 ($24.94).

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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