STMicroelectronics (EPA:STM) received a €16.00 ($19.05) price target from research analysts at Deutsche Bank in a report issued on Wednesday, December 20th. The brokerage currently has a “sell” rating on the semiconductor producer’s stock. Deutsche Bank’s price objective would suggest a potential downside of 19.96% from the company’s current price.
Several other analysts have also recently weighed in on STM. Goldman Sachs Group set a €16.30 ($19.40) price objective on STMicroelectronics and gave the company a “neutral” rating in a research report on Thursday, September 14th. JPMorgan Chase & Co. set a €16.30 ($19.40) price objective on STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, October 26th. Baader Bank set a €15.50 ($18.45) price target on STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, September 15th. UBS Group set a €15.00 ($17.86) price target on STMicroelectronics and gave the stock a “sell” rating in a research report on Monday, November 13th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of STMicroelectronics in a research report on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. STMicroelectronics has a consensus rating of “Hold” and a consensus target price of €18.77 ($22.35).
STMicroelectronics (STM) traded down €0.01 ($0.01) during trading on Wednesday, reaching €19.99 ($23.80). The company’s stock had a trading volume of 1,700,000 shares, compared to its average volume of 2,640,000. The company has a market cap of $18,080.00 and a PE ratio of 66.63. STMicroelectronics has a fifty-two week low of €10.56 ($12.57) and a fifty-two week high of €21.45 ($25.54).
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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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