STMicroelectronics (EPA:STM) has been assigned a €16.00 ($19.05) price target by equities research analysts at Deutsche Bank in a report issued on Tuesday, December 26th. The firm presently has a “sell” rating on the semiconductor producer’s stock. Deutsche Bank’s price target would indicate a potential downside of 20.00% from the company’s current price.
A number of other analysts have also commented on STM. BNP Paribas set a €19.00 ($22.62) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Monday, September 4th. JPMorgan Chase & Co. set a €16.30 ($19.40) price objective on STMicroelectronics and gave the stock a “buy” rating in a report on Friday, September 8th. Goldman Sachs Group set a €16.30 ($19.40) price target on STMicroelectronics and gave the company a “neutral” rating in a report on Thursday, September 14th. UBS Group restated a “sell” rating on shares of STMicroelectronics in a research note on Thursday, September 14th. Finally, Baader Bank set a €15.50 ($18.45) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a research note on Friday, September 15th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of €18.77 ($22.35).
Shares of STMicroelectronics (STM) traded up €0.41 ($0.49) during midday trading on Tuesday, reaching €20.00 ($23.81). 2,740,000 shares of the company’s stock were exchanged, compared to its average volume of 2,620,000. STMicroelectronics has a 52 week low of €10.56 ($12.57) and a 52 week high of €21.45 ($25.54). The firm has a market cap of $18,190.00 and a P/E ratio of 66.67.
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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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