STMicroelectronics (STM) PT Set at €24.50 by Credit Suisse Group

Credit Suisse Group set a €24.50 ($29.17) target price on STMicroelectronics (EPA:STM) in a research report released on Thursday. The brokerage currently has a buy rating on the semiconductor producer’s stock.

Other research analysts have also issued research reports about the company. UBS Group reaffirmed a sell rating on shares of STMicroelectronics in a report on Thursday, September 14th. Goldman Sachs Group set a €16.30 ($19.40) price objective on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, September 14th. Barclays set a €20.00 ($23.81) target price on STMicroelectronics and gave the stock a buy rating in a research report on Friday, October 27th. JPMorgan Chase & Co. set a €16.30 ($19.40) target price on STMicroelectronics and gave the stock a buy rating in a research report on Thursday, October 26th. Finally, Deutsche Bank set a €14.00 ($16.67) target price on STMicroelectronics and gave the stock a sell rating in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. STMicroelectronics presently has an average rating of Hold and a consensus price target of €18.77 ($22.35).

Shares of STMicroelectronics (EPA STM) traded down €0.01 ($0.01) during mid-day trading on Thursday, reaching €19.99 ($23.80). The company had a trading volume of 1,700,000 shares, compared to its average volume of 2,640,000. STMicroelectronics has a 52-week low of €10.56 ($12.57) and a 52-week high of €21.45 ($25.54). The firm has a market capitalization of $18,080.00 and a price-to-earnings ratio of 66.63.

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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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