STMicroelectronics (EPA:STM) Receives Average Rating of “Buy” from Brokerages

STMicroelectronics (EPA:STM) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is €37.43 ($44.04).

Several equities research analysts have issued reports on STM shares. UBS Group set a €35.50 ($41.76) price target on STMicroelectronics in a report on Tuesday, July 13th. Barclays set a €42.00 ($49.41) price target on STMicroelectronics in a report on Monday, July 12th. JPMorgan Chase & Co. set a €36.50 ($42.94) price target on STMicroelectronics in a report on Monday, July 5th. Deutsche Bank Aktiengesellschaft set a €41.00 ($48.24) price target on STMicroelectronics and gave the stock a “buy” rating in a report on Friday, April 30th. Finally, Credit Suisse Group set a €39.00 ($45.88) price target on STMicroelectronics and gave the stock a “buy” rating in a report on Monday, April 26th.

EPA STM traded up €1.22 ($1.44) on Friday, reaching €32.33 ($38.04). The company had a trading volume of 2,776,052 shares, compared to its average volume of 2,270,000. The company has a 50 day moving average of €30.79. STMicroelectronics has a 52 week low of €12.40 ($14.59) and a 52 week high of €21.45 ($25.24).

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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