STMicroelectronics (EPA:STM) received a €27.50 ($31.98) target price from Credit Suisse Group in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price target points to a potential upside of 9.47% from the company’s previous close.
Several other analysts also recently commented on STM. Kepler Capital Markets set a €28.00 ($32.56) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Friday. Bryan, Garnier & Co set a €25.00 ($29.07) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley set a €28.00 ($32.56) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. set a €30.00 ($34.88) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, January 9th. Finally, Barclays set a €30.00 ($34.88) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of €26.28 ($30.55).
Shares of STM traded up €0.33 ($0.38) during mid-day trading on Friday, reaching €25.12 ($29.21). The stock had a trading volume of 1,929,022 shares, compared to its average volume of 2,270,000. The business has a fifty day moving average of €23.83 and a 200 day moving average of €19.29. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month 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.
Featured Story: Limitations of the P/E Growth ratio
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.