Deutsche Bank Reiterates “€20.00” Price Target for STMicroelectronics (STM)

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Deutsche Bank set a €20.00 ($23.26) price objective on STMicroelectronics (EPA:STM) in a research report released on Wednesday, September 26th, Marketbeat reports. The firm currently has a buy rating on the semiconductor producer’s stock.

A number of other equities research analysts have also recently issued reports on STM. Cfra set a €25.80 ($30.00) price objective on STMicroelectronics and gave the company a buy rating in a research note on Thursday, June 21st. Credit Suisse Group set a €27.00 ($31.40) price objective on STMicroelectronics and gave the company a buy rating in a research note on Monday, June 25th. JPMorgan Chase & Co. set a €23.00 ($26.74) target price on STMicroelectronics and gave the company a buy rating in a report on Wednesday, September 5th. Baader Bank set a €20.50 ($23.84) target price on STMicroelectronics and gave the company a neutral rating in a report on Wednesday, July 25th. Finally, Goldman Sachs Group set a €21.50 ($25.00) target price on STMicroelectronics and gave the company a neutral rating in a report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of €21.63 ($25.15).

STMicroelectronics stock traded up €0.08 ($0.09) during midday trading on Wednesday, reaching €19.87 ($23.10). The stock had a trading volume of 1,220,000 shares, compared to its average volume of 2,270,000. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month 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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