Goldman Sachs Group set a €20.50 ($25.31) price objective on STMicroelectronics (EPA:STM) in a report published on Friday, February 16th. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
STM has been the topic of a number of other reports. JPMorgan Chase & Co. set a €16.30 ($20.12) price target on shares of STMicroelectronics and gave the stock a buy rating in a research report on Thursday, October 26th. Credit Suisse Group set a €24.50 ($30.25) price target on shares of STMicroelectronics and gave the stock a buy rating in a research report on Thursday, January 11th. S&P Global set a €21.30 ($26.30) price objective on shares of STMicroelectronics and gave the company a buy rating in a research report on Friday, January 26th. UBS Group set a €15.50 ($19.14) price objective on shares of STMicroelectronics and gave the company a sell rating in a research report on Thursday, January 25th. Finally, Deutsche Bank set a €16.00 ($19.75) price objective on shares of STMicroelectronics and gave the company a sell rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €19.98 ($24.66).
STMicroelectronics (STM) traded down €0.06 ($0.07) on Friday, reaching €19.40 ($23.95). 1,660,000 shares of the company’s stock were exchanged, compared to its average volume of 2,340,000. STMicroelectronics has a 12-month low of €12.40 ($15.31) and a 12-month high of €21.45 ($26.48). The firm has a market cap of $17,590.00 and a price-to-earnings ratio of 66.90.
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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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