Credit Suisse Group set a €20.50 ($23.84) target price on STMicroelectronics (EPA:STM) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the semiconductor producer’s stock.
STM has been the topic of several other reports. Goldman Sachs Group set a €21.50 ($25.00) price objective on shares of STMicroelectronics and gave the stock a neutral rating in a report on Monday, August 20th. Societe Generale restated a buy rating on shares of STMicroelectronics in a report on Tuesday, July 24th. JPMorgan Chase & Co. restated a buy rating on shares of STMicroelectronics in a report on Monday, September 17th. Deutsche Bank set a €17.00 ($19.77) price objective on shares of STMicroelectronics and gave the stock a buy rating in a report on Thursday, October 25th. Finally, Barclays set a €26.00 ($30.23) price objective on shares of STMicroelectronics and gave the stock a buy rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. STMicroelectronics has an average rating of Buy and an average target price of €20.06 ($23.33).
EPA STM opened at €19.87 ($23.10) on Wednesday. STMicroelectronics has a 1 year low of €12.40 ($14.42) and a 1 year high of €21.45 ($24.94).
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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