STMicroelectronics (EPA:STM) has been given a €26.00 ($30.95) price target by equities research analysts at Barclays in a research report issued on Thursday. The firm presently has a “buy” rating on the semiconductor producer’s stock. Barclays’ price target suggests a potential upside of 30.85% from the stock’s previous close.
A number of other analysts also recently weighed in on STM. Credit Suisse Group set a €27.00 ($32.14) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Wednesday. Goldman Sachs set a €21.50 ($25.60) price target on shares of STMicroelectronics and gave the company a “neutral” rating in a research report on Wednesday. UBS set a €16.50 ($19.64) price target on shares of STMicroelectronics and gave the company a “sell” rating in a research report on Wednesday. Deutsche Bank set a €20.00 ($23.81) price target on shares of STMicroelectronics and gave the company a “neutral” rating in a research report on Wednesday. Finally, Kepler Capital Markets restated a “neutral” rating on shares of STMicroelectronics in a report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of €21.14 ($25.17).
Shares of EPA:STM opened at €19.87 ($23.65) on Thursday. STMicroelectronics has a fifty-two week low of €12.40 ($14.76) and a fifty-two week high of €21.45 ($25.54).
STMicroelectronics Company Profile
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.
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