STMicroelectronics (STM) Given a €21.50 Price Target at Barclays

Barclays set a €21.50 ($25.60) price objective on STMicroelectronics (EPA:STM) in a report issued on Monday morning. The brokerage currently has a buy rating on the semiconductor producer’s stock.

Several other equities research analysts have also recently issued reports on STM. UBS set a €15.00 ($17.86) target price on STMicroelectronics and gave the stock a sell rating in a report on Monday, November 27th. Credit Suisse Group set a €19.50 ($23.21) target price on STMicroelectronics and gave the stock a neutral rating in a report on Monday. Goldman Sachs Group set a €16.30 ($19.40) target price on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, September 14th. J P Morgan Chase & Co set a €16.30 ($19.40) target price on STMicroelectronics and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Baader Bank set a €15.50 ($18.45) target price on STMicroelectronics and gave the stock a neutral rating in a report on Friday, September 15th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €17.48 ($20.80).

Shares of STMicroelectronics (STM) traded up €0.25 ($0.30) during mid-day trading on Monday, hitting €18.76 ($22.33). The stock had a trading volume of 4,520,000 shares, compared to its average volume of 3,100,000. STMicroelectronics has a 1 year low of €9.10 ($10.83) and a 1 year high of €21.45 ($25.54).

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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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