STMicroelectronics NV (EPA:STM) received a €13.00 ($15.29) target price from equities researchers at UBS AG in a research note issued on Thursday, October 12th, www.boersen-zeitung.de reports. The firm presently has a “sell” rating on the semiconductor producer’s stock.
STM has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) set a €14.10 ($16.59) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, July 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of STMicroelectronics NV in a research note on Thursday, September 14th. Baader Bank set a €15.50 ($18.24) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Friday, September 15th. Credit Suisse Group set a €16.50 ($19.41) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. set a €15.00 ($17.65) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €14.67 ($17.26).
Shares of STMicroelectronics NV (EPA STM) opened at 17.605 on Thursday. STMicroelectronics NV has a 52 week low of €7.15 and a 52 week high of €17.61. The company has a market cap of €15.63 billion and a P/E ratio of 36.002. The firm’s 50-day moving average price is €16.33 and its 200 day moving average price is €14.74.
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About STMicroelectronics NV
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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