Credit Suisse Group set a €27.50 ($31.98) target price on STMicroelectronics (EPA:STM) in a research note released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
A number of other brokerages have also recently weighed in on STM. Goldman Sachs Group set a €23.90 ($27.79) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Tuesday, November 12th. UBS Group set a €16.50 ($19.19) target price on shares of STMicroelectronics and gave the stock a neutral rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a buy rating in a research report on Thursday, October 24th. Morgan Stanley set a €20.50 ($23.84) target price on shares of STMicroelectronics and gave the stock a buy rating in a research report on Friday, October 4th. Finally, Barclays set a €21.50 ($25.00) target price on shares of STMicroelectronics and gave the stock a buy rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of €22.67 ($26.36).
Shares of STM stock opened at €24.17 ($28.10) on Monday. STMicroelectronics has a fifty-two week low of €12.40 ($14.42) and a fifty-two week high of €21.45 ($24.94). The firm’s 50 day moving average price is €21.73 and its two-hundred day moving average price is €17.65.
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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