STMicroelectronics (EPA:STM) PT Set at €26.00 by Credit Suisse Group
Credit Suisse Group set a €26.00 ($30.23) target price on STMicroelectronics (EPA:STM) in a report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
A number of other analysts have also commented on STM. Deutsche Bank set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a buy rating in a research note on Friday, January 17th. Goldman Sachs Group set a €22.50 ($26.16) price objective on STMicroelectronics and gave the stock a neutral rating in a research note on Tuesday, March 10th. UBS Group set a €24.00 ($27.91) price objective on STMicroelectronics and gave the stock a neutral rating in a research note on Thursday, March 12th. Morgan Stanley set a €26.00 ($30.23) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Wednesday, March 18th. Finally, Kepler Capital Markets set a €28.00 ($32.56) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. STMicroelectronics currently has an average rating of Buy and an average target price of €26.07 ($30.31).
Shares of STM stock opened at €19.46 ($22.62) on Tuesday. The business’s 50-day moving average price is €24.72 and its 200-day moving average price is €22.13. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month high of €21.45 ($24.94).
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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