STMicroelectronics NV (EPA:STM) has been assigned a €11.70 ($13.76) target price by equities researchers at Morgan Stanley in a research note issued to investors on Friday. The brokerage currently has a “sell” rating on the semiconductor producer’s stock.

A number of other brokerages have also recently commented on STM. J P Morgan Chase & Co set a €16.30 ($19.18) target price on STMicroelectronics NV and gave the company a “buy” rating in a report on Friday, September 8th. UBS AG set a €15.00 ($17.65) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.12) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Monday, June 19th. Deutsche Bank AG reiterated a “sell” rating on shares of STMicroelectronics NV in a research note on Friday, June 30th. Finally, BNP Paribas set a €19.00 ($22.35) price objective on STMicroelectronics NV and gave the company a “buy” rating in a research note on Monday, September 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €14.40 ($16.95).

Shares of STMicroelectronics NV (EPA STM) opened at 16.80 on Friday. The stock’s 50 day moving average is €15.49 and its 200-day moving average is €14.54. The stock has a market capitalization of €14.92 billion and a price-to-earnings ratio of 34.36. STMicroelectronics NV has a 52 week low of €6.94 and a 52 week high of €17.24.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/06/stmicroelectronics-nv-stm-given-a-11-70-price-target-by-morgan-stanley-analysts.html.

About STMicroelectronics NV

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Analyst Recommendations for STMicroelectronics NV (EPA:STM)

Receive News & Stock Ratings for STMicroelectronics NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics NV and related stocks with our FREE daily email newsletter.