UBS Group set a €16.50 ($19.19) price objective on STMicroelectronics (EPA:STM) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
Several other equities analysts have also recently weighed in on the company. Credit Suisse Group set a €19.00 ($22.09) price objective on STMicroelectronics and gave the stock a buy rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on STMicroelectronics and gave the stock a buy rating in a research report on Tuesday, September 3rd. Goldman Sachs Group set a €17.50 ($20.35) price objective on STMicroelectronics and gave the stock a buy rating in a research report on Friday, August 9th. Oddo Bhf set a €22.00 ($25.58) price objective on STMicroelectronics and gave the stock a buy rating in a research report on Thursday, July 11th. Finally, Barclays set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a buy rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of €19.36 ($22.51).
EPA STM opened at €17.64 ($20.51) on Monday. STMicroelectronics has a twelve month low of €12.40 ($14.42) and a twelve month high of €21.45 ($24.94). The business’s 50-day simple moving average is €17.17.
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.
See Also: Penny Stocks, Risk and Reward Factors
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.