Credit Suisse Group set a €19.50 ($23.21) target price on STMicroelectronics (EPA:STM) in a research report report published on Monday morning. The brokerage currently has a neutral rating on the semiconductor producer’s stock.

Several other brokerages have also issued reports on STM. Goldman Sachs Group set a €17.10 ($20.36) target price on STMicroelectronics and gave the stock a neutral rating in a research report on Monday, November 6th. J P Morgan Chase & Co set a €16.30 ($19.40) target price on STMicroelectronics and gave the stock a buy rating in a research report on Friday, September 8th. UBS set a €15.00 ($17.86) target price on STMicroelectronics and gave the stock a sell rating in a research report on Monday, November 13th. Deutsche Bank set a €14.00 ($16.67) target price on STMicroelectronics and gave the stock a sell rating in a research report on Friday, October 13th. Finally, Citigroup set a €17.00 ($20.24) target price on STMicroelectronics and gave the stock a neutral rating in a research report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €17.48 ($20.80).

Shares of STMicroelectronics (EPA:STM) traded up €0.25 ($0.30) during trading hours on Monday, hitting €18.76 ($22.33). The stock had a trading volume of 4,520,000 shares, compared to its average volume of 3,100,000. STMicroelectronics has a 12-month low of €9.10 ($10.83) and a 12-month high of €21.45 ($25.54).

WARNING: “STMicroelectronics (STM) Given a €19.50 Price Target at Credit Suisse Group” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/05/stmicroelectronics-stm-given-a-19-50-price-target-at-credit-suisse-group.html.

About STMicroelectronics

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 (EPA:STM)

Receive News & Stock 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 stocks with our FREE daily email newsletter.