UBS Group set a €13.00 ($15.12) price target on STMicroelectronics (EPA:STM) in a research report released on Monday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
Several other brokerages also recently commented on STM. Cfra set a €21.00 ($24.42) price objective on STMicroelectronics and gave the company a buy rating in a research report on Thursday, October 25th. JPMorgan Chase & Co. reissued a buy rating on shares of STMicroelectronics in a research report on Monday, September 17th. Bank of America reissued a neutral rating on shares of STMicroelectronics in a research report on Friday, September 14th. Deutsche Bank set a €20.00 ($23.26) price target on STMicroelectronics and gave the stock a buy rating in a research report on Wednesday, September 26th. Finally, Credit Suisse Group set a €27.00 ($31.40) price target on STMicroelectronics and gave the stock a buy rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of €20.65 ($24.02).
Shares of STMicroelectronics stock opened at €19.87 ($23.10) on Monday. STMicroelectronics has a 52 week low of €12.40 ($14.42) and a 52 week 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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