Credit Suisse Group Analysts Give STMicroelectronics (STM) a €19.00 Price Target

Credit Suisse Group set a €19.00 ($22.09) price target on STMicroelectronics (EPA:STM) in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.

Several other brokerages also recently weighed in on STM. Deutsche Bank set a €18.00 ($20.93) price target on STMicroelectronics and gave the stock a buy rating in a report on Friday, January 25th. JPMorgan Chase & Co. set a €15.00 ($17.44) price target on STMicroelectronics and gave the stock a buy rating in a report on Friday, April 5th. Barclays set a €17.00 ($19.77) price target on STMicroelectronics and gave the stock a buy rating in a report on Thursday, April 11th. UBS Group set a €14.00 ($16.28) price target on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, February 7th. Finally, Goldman Sachs Group set a €16.50 ($19.19) price target on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, January 24th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of €17.22 ($20.02).

Shares of EPA STM opened at €14.17 ($16.48) on Friday. STMicroelectronics has a fifty-two week low of €12.40 ($14.42) and a fifty-two week high of €21.45 ($24.94).

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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