STMicroelectronics (EPA:STM) has been given a €23.00 ($28.40) price target by investment analysts at JPMorgan Chase in a research report issued on Monday. The firm presently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase’s target price indicates a potential upside of 15.75% from the stock’s current price.
Several other analysts also recently issued reports on STM. Credit Suisse Group set a €24.50 ($30.25) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, January 25th. S&P Global set a €21.30 ($26.30) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Friday, January 26th. UBS set a €15.50 ($19.14) price target on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Thursday, January 25th. Kepler Capital Markets reissued a “neutral” rating on shares of STMicroelectronics in a research report on Friday, January 26th. Finally, Deutsche Bank set a €16.00 ($19.75) price target on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €20.27 ($25.02).
Shares of EPA:STM opened at €19.87 ($24.53) on Monday. STMicroelectronics has a 52-week low of €12.40 ($15.31) and a 52-week high of €21.45 ($26.48).
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/11/stmicroelectronics-stm-pt-set-at-23-00-by-jpmorgan-chase.html.
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.