STMicroelectronics (EPA:STM) Given a €23.90 Price Target by Goldman Sachs Group Analysts

STMicroelectronics (EPA:STM) has been assigned a €23.90 ($27.79) target price by stock analysts at Goldman Sachs Group in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 9.28% from the company’s previous close.

A number of other equities analysts have also weighed in on STM. Deutsche Bank set a €25.00 ($29.07) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley set a €20.50 ($23.84) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Friday, October 4th. Barclays set a €21.50 ($25.00) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group set a €16.50 ($19.19) price target on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of €20.42 ($23.74).

Shares of EPA:STM traded up €0.01 ($0.01) during midday trading on Tuesday, reaching €21.87 ($25.43). 522,806 shares of the company were exchanged, compared to its average volume of 2,270,000. The company’s fifty day moving average is €19.36. STMicroelectronics has a one year low of €12.40 ($14.42) and a one year 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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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