STMicroelectronics NV (STM) Given a €15.50 Price Target by Baader Bank Analysts
STMicroelectronics NV (EPA:STM) received a €15.50 ($18.45) price objective from investment analysts at Baader Bank in a research note issued to investors on Friday. The brokerage presently has a “neutral” rating on the semiconductor producer’s stock.
Several other equities analysts have also weighed in on STM. J P Morgan Chase & Co restated a “neutral” rating and issued a price target on shares of STMicroelectronics NV in a research note on Saturday, May 20th. UBS AG set a €14.80 ($17.62) price target on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Saturday, May 20th. Deutsche Bank AG set a €12.00 ($14.29) price target on STMicroelectronics NV and gave the company a “sell” rating in a research note on Saturday, May 20th. Finally, Goldman Sachs Group, Inc. (The) set a €13.70 ($16.31) price target on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Monday, June 19th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. STMicroelectronics NV presently has a consensus rating of “Hold” and a consensus target price of €14.09 ($16.77).
STMicroelectronics NV (EPA STM) opened at 16.02 on Friday. STMicroelectronics NV has a 52 week low of €6.80 and a 52 week high of €16.17. The company’s 50-day moving average price is €14.69 and its 200-day moving average price is €14.34. The company has a market capitalization of €14.22 billion and a price-to-earnings ratio of 32.76.
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About STMicroelectronics NV
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products, and subsystems and modules worldwide. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom devices 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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