Brokerages Set STMicroelectronics NV (EPA:STM) Price Target at €19.15

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Shares of STMicroelectronics NV (EPA:STM) have earned a consensus rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is €19.15 ($22.27).

Several brokerages have issued reports on STM. Deutsche Bank set a €22.00 ($25.58) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Monday, July 22nd. Goldman Sachs Group set a €17.50 ($20.35) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Friday. Bank of America set a €17.30 ($20.12) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Oddo Bhf set a €22.00 ($25.58) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, July 11th.

Shares of EPA STM opened at €15.53 ($18.05) on Friday. STMicroelectronics has a 52-week low of €12.40 ($14.42) and a 52-week high of €21.45 ($24.94). The company has a 50 day simple moving average of €16.01.

STMicroelectronics Company Profile

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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