Analysts Set STMicroelectronics NV (STM) Target Price at $16.84

Shares of STMicroelectronics NV (EPA:STM) have been given an average rating of “Buy” by the eleven research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is €16.84 ($19.58).

STM has been the subject of a number of analyst reports. Credit Suisse Group set a €17.20 ($20.00) target price on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Wednesday, January 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Tuesday, December 11th. Deutsche Bank set a €18.00 ($20.93) target price on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Friday, January 25th. Goldman Sachs Group set a €14.50 ($16.86) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Finally, Bank of America set a €15.20 ($17.67) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Monday, January 7th.

STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94).

About STMicroelectronics

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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