STMicroelectronics NV (STM) Given a €11.70 Price Target by Morgan Stanley Analysts
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.
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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.
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