Goldman Sachs Group, Inc. (The) set a €13.70 ($15.22) target price on STMicroelectronics NV (EPA:STM) in a report published on Monday. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
Several other research firms also recently issued reports on STM. J P Morgan Chase & Co reaffirmed a neutral rating and set a price objective on shares of STMicroelectronics NV in a report on Saturday, May 20th. Deutsche Bank AG set a €12.00 ($13.33) price objective on shares of STMicroelectronics NV and gave the stock a sell rating in a report on Friday, May 12th. Baader Bank set a €14.00 ($15.56) price objective on shares of STMicroelectronics NV and gave the stock a neutral rating in a report on Thursday, May 4th. Barclays PLC set a €17.25 ($19.17) price objective on shares of STMicroelectronics NV and gave the stock a buy rating in a report on Tuesday, May 2nd. Finally, S&P Global set a €15.00 ($16.67) price objective on shares of STMicroelectronics NV and gave the stock a neutral rating in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of €12.38 ($13.75).
Shares of STMicroelectronics NV (EPA:STM) opened at 13.895 on Monday. The company’s 50-day moving average is €14.69 and its 200 day moving average is €13.15. The stock has a market cap of €12.28 billion and a P/E ratio of 39.031. STMicroelectronics NV has a 1-year low of €4.73 and a 1-year high of €15.59.
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About STMicroelectronics NV
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.
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