Goldman Sachs Group Reiterates €21.00 Price Target for STMicroelectronics (STM)

STMicroelectronics (EPA:STM) has been assigned a €21.00 ($25.00) target price by analysts at Goldman Sachs Group in a research note issued on Thursday. The firm presently has a “neutral” rating on the semiconductor producer’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 5.00% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Societe Generale reiterated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday. Barclays set a €20.00 ($23.81) target price on STMicroelectronics and gave the company a “buy” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. set a €16.30 ($19.40) target price on STMicroelectronics and gave the company a “buy” rating in a research note on Thursday, October 26th. Deutsche Bank set a €14.00 ($16.67) target price on STMicroelectronics and gave the company a “sell” rating in a research note on Friday, October 13th. Finally, UBS Group set a €15.00 ($17.86) target price on STMicroelectronics and gave the company a “sell” rating in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €19.03 ($22.65).

Shares of STMicroelectronics (EPA:STM) opened at €20.00 ($23.81) on Thursday. STMicroelectronics has a 12 month low of €10.56 ($12.57) and a 12 month high of €21.45 ($25.54). The stock has a market capitalization of $18,240.00 and a PE ratio of 68.97.

TRADEMARK VIOLATION WARNING: “Goldman Sachs Group Reiterates €21.00 Price Target for STMicroelectronics (STM)” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3143888/goldman-sachs-group-reiterates-21-00-price-target-for-stmicroelectronics-stm.html.

About STMicroelectronics

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.

Analyst Recommendations for STMicroelectronics (EPA:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.