S&P Global set a €20.00 ($23.53) price objective on STMicroelectronics NV (EPA:STM) in a research report released on Thursday. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
Several other analysts have also issued reports on the company. J P Morgan Chase & Co set a €16.30 ($19.18) target price on STMicroelectronics NV and gave the stock a buy rating in a report on Friday, September 8th. Morgan Stanley set a €11.70 ($13.76) target price on STMicroelectronics NV and gave the stock a sell rating in a report on Friday, October 6th. UBS AG set a €13.00 ($15.29) target price on STMicroelectronics NV and gave the stock a sell rating in a report on Thursday, October 12th. Deutsche Bank AG set a €14.00 ($16.47) target price on STMicroelectronics NV and gave the stock a sell rating in a report on Friday, October 13th. Finally, Citigroup Inc. set a €17.00 ($20.00) target price on STMicroelectronics NV and gave the stock a neutral rating in a report on Monday, October 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. STMicroelectronics NV presently has a consensus rating of Hold and an average target price of €15.84 ($18.64).
STMicroelectronics NV (EPA:STM) opened at 19.92 on Thursday. The firm has a market cap of €17.69 billion and a price-to-earnings ratio of 40.74. STMicroelectronics NV has a one year low of €7.89 and a one year high of €20.39. The stock’s 50 day moving average price is €16.72 and its 200-day moving average price is €14.86.
ILLEGAL ACTIVITY NOTICE: This story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.com-unik.info/2017/10/30/stmicroelectronics-nv-stm-pt-set-at-20-00-by-sp-global.html.
STMicroelectronics NV 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.
What are top analysts saying about STMicroelectronics NV? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for STMicroelectronics NV and related companies.