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.
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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