STMicroelectronics NV (EPA:STM) Receives €27.86 Consensus PT from Analysts
STMicroelectronics NV (EPA:STM) has received a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is €27.78 ($32.69).
A number of analysts have commented on STM shares. JPMorgan Chase & Co. set a €30.00 ($35.29) price objective on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Thursday, September 10th. Oddo Bhf raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a €33.00 ($38.82) price target for the company in a research report on Thursday, September 10th. Goldman Sachs Group set a €21.12 ($24.85) price target on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Tuesday. Credit Suisse Group set a €28.50 ($33.53) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank set a €33.00 ($38.82) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Friday, July 24th.
STM stock opened at €26.60 ($31.29) on Friday. STMicroelectronics has a one year low of €12.40 ($14.59) and a one year high of €21.45 ($25.24). The firm has a 50-day moving average of €24.75 and a two-hundred day moving average of €24.07.
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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