STMicroelectronics (EPA:STM) has been given a €21.50 ($25.00) price target by equities research analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, October 24th. The brokerage presently has a “neutral” rating on the semiconductor producer’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 8.20% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Credit Suisse Group set a €27.00 ($31.40) target price on STMicroelectronics and gave the stock a “buy” rating in a report on Tuesday, July 17th. UBS Group set a €16.50 ($19.19) target price on STMicroelectronics and gave the stock a “sell” rating in a report on Friday, August 17th. Deutsche Bank set a €20.00 ($23.26) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Wednesday, September 26th. JPMorgan Chase & Co. set a €23.00 ($26.74) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Finally, Bank of America restated a “neutral” rating on shares of STMicroelectronics in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of €19.61 ($22.80).
Shares of STM stock traded up €0.08 ($0.09) during mid-day trading on Wednesday, hitting €19.87 ($23.10). The stock had a trading volume of 1,220,000 shares, compared to its average volume of 2,270,000. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month high of €21.45 ($24.94).
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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