STMicroelectronics (STM) Given Buy Rating at Credit Suisse Group
A number of other research firms have also weighed in on STM. Baader Bank set a €21.50 ($26.54) price objective on shares of STMicroelectronics and gave the stock a neutral rating in a research note on Tuesday, November 21st. UBS Group set a €15.00 ($18.52) price objective on shares of STMicroelectronics and gave the stock a sell rating in a research note on Monday, November 27th. JPMorgan Chase & Co. set a €26.00 ($32.10) price objective on shares of STMicroelectronics and gave the stock a buy rating in a research note on Thursday, November 23rd. Morgan Stanley set a €12.90 ($15.93) price objective on shares of STMicroelectronics and gave the stock a sell rating in a research note on Friday, November 17th. Finally, Kepler Capital Markets reaffirmed a sell rating on shares of STMicroelectronics in a research note on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of €19.98 ($24.66).
Shares of STMicroelectronics (EPA STM) opened at €19.34 ($23.88) on Tuesday. STMicroelectronics has a one year low of €12.40 ($15.31) and a one year high of €21.45 ($26.48). The firm has a market cap of $17,540.00 and a PE ratio of 66.69.
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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