Credit Suisse Group Reiterates “€24.50” Price Target for STMicroelectronics (STM)

Credit Suisse Group set a €24.50 ($30.25) target price on STMicroelectronics (EPA:STM) in a report issued on Thursday, January 25th. The firm currently has a buy rating on the semiconductor producer’s stock.

Other research analysts have also issued reports about the stock. Goldman Sachs Group set a €21.00 ($25.93) price target on shares of STMicroelectronics and gave the company a neutral rating in a research report on Thursday, January 18th. Barclays set a €20.00 ($24.69) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Friday, October 27th. JPMorgan Chase & Co. set a €16.30 ($20.12) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Thursday, October 26th. Deutsche Bank set a €14.00 ($17.28) price target on shares of STMicroelectronics and gave the company a sell rating in a research report on Friday, October 13th. Finally, UBS Group set a €15.00 ($18.52) price target on shares of STMicroelectronics and gave the company a sell rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of €19.51 ($24.09).

STMicroelectronics (EPA STM) traded up €0.21 ($0.26) on Thursday, hitting €17.43 ($21.52). 2,860,000 shares of the stock were exchanged, compared to its average volume of 2,790,000. The stock has a market cap of $15,850.00 and a price-to-earnings ratio of 60.10. STMicroelectronics has a 12-month low of €12.40 ($15.31) and a 12-month high of €21.45 ($26.48).

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STMicroelectronics Company Profile

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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