STMicroelectronics (EPA:STM) has been assigned a €20.50 ($23.84) price objective by research analysts at Baader Bank in a report released on Wednesday, October 24th. The firm presently has a “neutral” rating on the semiconductor producer’s stock. Baader Bank’s target price would suggest a potential upside of 3.17% from the company’s previous close.
A number of other equities analysts also recently issued reports on STM. JPMorgan Chase & Co. set a €23.00 ($26.74) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, September 5th. Credit Suisse Group set a €27.00 ($31.40) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, July 25th. Goldman Sachs Group set a €21.50 ($25.00) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of €19.61 ($22.80).
STM stock traded up €0.08 ($0.09) during midday trading on Wednesday, reaching €19.87 ($23.10). 1,220,000 shares of the company’s stock 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).
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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