Goldman Sachs Group set a €21.00 ($25.93) price objective on STMicroelectronics (EPA:STM) in a research note published on Thursday, January 18th. The firm currently has a neutral rating on the semiconductor producer’s stock.
Other equities research analysts have also recently issued research reports about the stock. Barclays set a €20.00 ($24.69) target price on shares of STMicroelectronics and gave the stock a buy rating in a research note on Friday, October 27th. JPMorgan Chase & Co. set a €16.30 ($20.12) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Thursday, October 26th. Deutsche Bank set a €14.00 ($17.28) target price on shares of STMicroelectronics and gave the stock a sell rating in a report on Friday, October 13th. UBS Group set a €15.00 ($18.52) price objective on shares of STMicroelectronics and gave the company a sell rating in a report on Friday, October 27th. Finally, Citigroup set a €21.00 ($25.93) price objective on shares of STMicroelectronics and gave the company a neutral rating in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. STMicroelectronics presently has a consensus rating of Hold and a consensus target price of €19.51 ($24.09).
Shares of STMicroelectronics (EPA:STM) traded down €0.07 ($0.09) during midday trading on Thursday, reaching €17.23 ($21.27). 4,630,000 shares of the company’s stock traded hands, compared to its average volume of 2,600,000. STMicroelectronics has a 1-year low of €12.40 ($15.31) and a 1-year high of €21.45 ($26.48). The company has a market cap of $15,710.00 and a price-to-earnings ratio of 59.41.
STMicroelectronics Company Profile
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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