STMicroelectronics (EPA:STM) has been assigned a €60.00 ($68.18) price objective by analysts at Credit Suisse Group in a research note issued on Thursday, Borsen Zeitung reports. Credit Suisse Group’s price target would indicate a potential upside of 36.63% from the company’s current price.
Several other research analysts have also weighed in on STM. Berenberg Bank set a €43.00 ($48.86) price target on STMicroelectronics in a research report on Friday, October 29th. Deutsche Bank Aktiengesellschaft set a €50.00 ($56.82) target price on STMicroelectronics in a research note on Friday, October 29th. JPMorgan Chase & Co. set a €43.00 ($48.86) target price on STMicroelectronics in a research note on Friday, January 7th. UBS Group set a €45.00 ($51.14) target price on STMicroelectronics in a research note on Friday, January 7th. Finally, The Goldman Sachs Group set a €40.50 ($46.02) target price on STMicroelectronics in a research note on Friday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of €47.11 ($53.54).
Shares of EPA STM opened at €42.96 ($48.82) on Thursday. STMicroelectronics has a one year low of €12.40 ($14.09) and a one year high of €21.45 ($24.38). The business’s 50-day moving average price is €43.38 and its two-hundred day moving average price is €38.61.
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.
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