Deutsche Bank Reiterates “€20.00” Price Target for STMicroelectronics (STM)

Deutsche Bank set a €20.00 ($23.26) price target on STMicroelectronics (EPA:STM) in a research note published on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group set a €14.50 ($16.86) target price on STMicroelectronics and gave the company a neutral rating in a research report on Thursday, April 25th. Credit Suisse Group set a €19.00 ($22.09) target price on STMicroelectronics and gave the company a buy rating in a research report on Friday. Kepler Capital Markets set a €16.00 ($18.60) target price on STMicroelectronics and gave the company a neutral rating in a research report on Thursday, January 24th. JPMorgan Chase & Co. set a €15.00 ($17.44) target price on STMicroelectronics and gave the company a buy rating in a research report on Thursday, January 10th. Finally, UBS Group set a €14.00 ($16.28) target price on STMicroelectronics and gave the company a neutral rating in a research report on Thursday, February 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of €17.22 ($20.02).

EPA STM opened at €14.17 ($16.48) on Friday. STMicroelectronics has a fifty-two week low of €12.40 ($14.42) and a fifty-two week 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.

See Also: Retained Earnings

Analyst Recommendations for STMicroelectronics (EPA:STM)

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