STMicroelectronics (EPA:STM) received a €20.00 ($23.26) price objective from Credit Suisse Group in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price objective indicates a potential upside of 0.65% from the company’s previous close.

Several other analysts have also weighed in on the stock. Baader Bank set a €20.50 ($23.84) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research report on Tuesday. Goldman Sachs Group set a €16.50 ($19.19) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research report on Wednesday, November 7th. UBS Group set a €13.00 ($15.12) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a research report on Monday, October 29th. Cfra set a €21.00 ($24.42) target price on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, Deutsche Bank set a €17.00 ($19.77) target price on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of €19.02 ($22.11).

Shares of STMicroelectronics stock opened at €19.87 ($23.10) on Wednesday. STMicroelectronics has a twelve month low of €12.40 ($14.42) and a twelve month high of €21.45 ($24.94).

About STMicroelectronics

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.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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