STMicroelectronics (STM) Given a €16.00 Price Target by Deutsche Bank Analysts

STMicroelectronics (EPA:STM) has been assigned a €16.00 ($19.75) price objective by Deutsche Bank in a research note issued on Friday, January 12th. The firm currently has a “sell” rating on the semiconductor producer’s stock. Deutsche Bank’s price target suggests a potential downside of 14.21% from the stock’s current price.

Other analysts have also issued reports about the company. Barclays set a €20.00 ($24.69) price target on STMicroelectronics and gave the company a “buy” rating in a report on Friday, October 27th. JPMorgan Chase & Co. set a €16.30 ($20.12) target price on STMicroelectronics and gave the stock a “buy” rating in a report on Thursday, October 26th. Oddo Bhf set a €17.50 ($21.60) target price on STMicroelectronics and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Credit Suisse Group set a €24.50 ($30.25) target price on STMicroelectronics and gave the stock a “buy” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of €19.51 ($24.09).

STMicroelectronics (STM) traded up €0.15 ($0.19) during trading hours on Friday, reaching €18.65 ($23.02). The company’s stock had a trading volume of 2,930,000 shares, compared to its average volume of 2,390,000. The firm has a market capitalization of $16,980.00 and a PE ratio of 64.31. STMicroelectronics has a 1 year low of €12.40 ($15.31) and a 1 year high of €21.45 ($26.48).

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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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