STMicroelectronics (EPA:STM) Given a €16.00 Price Target by Deutsche Bank Analysts

STMicroelectronics (EPA:STM) has been assigned a €16.00 ($19.05) target price by research analysts at Deutsche Bank in a report issued on Tuesday, December 26th. The firm currently has a “sell” rating on the semiconductor producer’s stock. Deutsche Bank’s price target points to a potential downside of 19.96% from the stock’s current price.

STM has been the topic of a number of other research reports. JPMorgan Chase & Co. set a €16.30 ($19.40) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Thursday, October 26th. Citigroup set a €21.00 ($25.00) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Friday, October 27th. Credit Suisse Group set a €19.50 ($23.21) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Monday, December 4th. Goldman Sachs Group set a €16.30 ($19.40) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, UBS Group reissued a “sell” rating on shares of STMicroelectronics in a report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €18.77 ($22.35).

STMicroelectronics (STM) traded down €0.01 ($0.01) during midday trading on Tuesday, hitting €19.99 ($23.80). The stock had a trading volume of 1,700,000 shares, compared to its average volume of 2,640,000. STMicroelectronics has a 1 year low of €10.56 ($12.57) and a 1 year high of €21.45 ($25.54). The company has a market capitalization of $18,080.00 and a price-to-earnings ratio of 66.63.

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About STMicroelectronics

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.

Analyst Recommendations for STMicroelectronics (EPA:STM)

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