STMicroelectronics (STM) Given a €20.00 Price Target by Credit Suisse Group Analysts
Credit Suisse Group set a €20.00 ($23.26) price objective on STMicroelectronics (EPA:STM) in a research report report published on Tuesday. The firm currently has a buy rating on the semiconductor producer’s stock.
Several other brokerages have also recently commented on STM. JPMorgan Chase & Co. set a €23.00 ($26.74) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Wednesday, October 3rd. Deutsche Bank set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Tuesday, October 2nd. Bank of America restated a neutral rating on shares of STMicroelectronics in a report on Friday, September 14th. Goldman Sachs Group set a €21.50 ($25.00) target price on shares of STMicroelectronics and gave the stock a neutral rating in a report on Monday, August 20th. Finally, UBS Group set a €16.50 ($19.19) price target on shares of STMicroelectronics and gave the stock a sell rating in a research report on Friday, August 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of €18.83 ($21.90).
Shares of STM opened at €19.87 ($23.10) on Tuesday. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month high of €21.45 ($24.94).
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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