Deutsche Bank set a €16.00 ($19.05) price target on STMicroelectronics (EPA:STM) in a research report sent to investors on Wednesday. The firm currently has a sell rating on the semiconductor producer’s stock.
A number of other equities research analysts also recently commented on STM. Credit Suisse Group reiterated a neutral rating on shares of STMicroelectronics in a research report on Tuesday. J P Morgan Chase & Co set a €26.00 ($30.95) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Tuesday, December 12th. Goldman Sachs Group set a €16.30 ($19.40) price objective on STMicroelectronics and gave the stock a neutral rating in a research note on Thursday, September 14th. Oddo Bhf set a €24.00 ($28.57) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Friday, December 8th. Finally, Baader Bank set a €15.50 ($18.45) price objective on STMicroelectronics and gave the stock a neutral rating in a research note on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of €18.44 ($21.95).
Shares of STMicroelectronics (STM) opened at €18.59 ($22.13) on Wednesday. The company has a market capitalization of $16,930.00 and a PE ratio of 61.97. STMicroelectronics has a 52-week low of €10.01 ($11.92) and a 52-week high of €21.45 ($25.54).
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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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