Credit Suisse Group Analysts Give STMicroelectronics (STM) a €24.50 Price Target

Credit Suisse Group set a €24.50 ($30.25) target price on STMicroelectronics (EPA:STM) in a research report released on Thursday, January 11th. The firm currently has a buy rating on the semiconductor producer’s stock.

Several other equities analysts have also issued reports on the company. Morgan Stanley set a €11.70 ($14.44) price target on STMicroelectronics and gave the stock a sell rating in a research report on Friday, October 6th. Kepler Capital Markets restated a sell rating on shares of STMicroelectronics in a research report on Monday, November 20th. Citigroup set a €21.00 ($25.93) price objective on STMicroelectronics and gave the stock a neutral rating in a report on Friday, October 27th. UBS Group set a €13.00 ($16.05) price objective on STMicroelectronics and gave the stock a sell rating in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of STMicroelectronics in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of €19.51 ($24.09).

Shares of STMicroelectronics (EPA STM) traded down €0.58 ($0.72) during trading on Thursday, hitting €18.50 ($22.84). The stock had a trading volume of 2,610,000 shares, compared to its average volume of 2,370,000. STMicroelectronics has a 12-month low of €12.30 ($15.19) and a 12-month high of €21.45 ($26.48). The company has a market cap of $16,720.00 and a price-to-earnings ratio of 63.79.

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About STMicroelectronics

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.

Analyst Recommendations for STMicroelectronics (EPA:STM)

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