Credit Suisse Group reissued their buy rating on shares of STMicroelectronics (EPA:STM) in a research note released on Tuesday, March 13th. They currently have a target price on the semiconductor producer’s stock.
Several other research firms have also commented on STM. UBS set a €15.50 ($19.14) price target on shares of STMicroelectronics and gave the stock a sell rating in a research report on Monday, March 12th. S&P Global set a €21.30 ($26.30) price objective on shares of STMicroelectronics and gave the stock a buy rating in a report on Friday, January 26th. Kepler Capital Markets reissued a neutral rating on shares of STMicroelectronics in a report on Friday, January 26th. Deutsche Bank set a €16.00 ($19.75) price target on shares of STMicroelectronics and gave the company a sell rating in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. set a €23.00 ($28.40) price target on shares of STMicroelectronics and gave the company a buy rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €19.98 ($24.66).
STMicroelectronics stock traded up €0.08 ($0.10) during midday trading on Tuesday, hitting €19.87 ($24.53). 1,220,000 shares of the stock were exchanged, compared to its average volume of 2,270,000. STMicroelectronics has a twelve month low of €12.40 ($15.31) and a twelve month high of €21.45 ($26.48). The firm has a market capitalization of $18,200.00 and a PE ratio of 68.52.
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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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