STMicroelectronics NV (STM) Given a €17.10 Price Target at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) set a €17.10 ($19.88) target price on STMicroelectronics NV (EPA:STM) in a research report released on Monday morning. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
A number of other equities research analysts also recently issued reports on the stock. J P Morgan Chase & Co set a €16.30 ($18.95) price objective on shares of STMicroelectronics NV and gave the company a buy rating in a research report on Friday, September 8th. Morgan Stanley set a €11.70 ($13.60) target price on shares of STMicroelectronics NV and gave the company a sell rating in a research note on Friday, October 6th. UBS AG set a €13.00 ($15.12) target price on shares of STMicroelectronics NV and gave the company a sell rating in a research note on Thursday, October 12th. Deutsche Bank AG set a €14.00 ($16.28) target price on shares of STMicroelectronics NV and gave the company a sell rating in a research note on Friday, October 13th. Finally, Citigroup Inc. set a €17.00 ($19.77) target price on shares of STMicroelectronics NV and gave the company a neutral rating in a research note on Monday, October 16th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. STMicroelectronics NV currently has an average rating of Hold and an average price target of €16.56 ($19.26).
Shares of STMicroelectronics NV (EPA:STM) traded down €0.26 ($0.30) during mid-day trading on Monday, hitting €20.97 ($24.38). 2,870,000 shares of the stock were exchanged, compared to its average volume of 2,700,000. STMicroelectronics NV has a 12-month low of €8.01 ($9.31) and a 12-month high of €21.45 ($24.94).
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STMicroelectronics NV Company Profile
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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