UBS Group set a €35.00 ($41.18) target price on STMicroelectronics (EPA:STM) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
A number of other equities analysts also recently issued reports on the company. Kepler Capital Markets set a €40.00 ($47.06) price target on STMicroelectronics and gave the stock a buy rating in a research report on Friday, January 29th. Deutsche Bank Aktiengesellschaft set a €40.00 ($47.06) price target on shares of STMicroelectronics and gave the company a buy rating in a report on Friday, January 29th. Barclays set a €42.00 ($49.41) price objective on shares of STMicroelectronics and gave the company a buy rating in a research note on Wednesday. The Goldman Sachs Group set a €30.00 ($35.29) price objective on shares of STMicroelectronics and gave the company a sell rating in a report on Thursday, February 11th. Finally, Berenberg Bank set a €39.00 ($45.88) target price on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. STMicroelectronics presently has an average rating of Buy and a consensus target price of €36.73 ($43.21).
Shares of EPA:STM opened at €32.66 ($38.42) on Wednesday. The business’s 50 day moving average is €31.43 and its 200 day moving average is €31.14. STMicroelectronics has a 52-week low of €12.40 ($14.59) and a 52-week high of €21.45 ($25.24).
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products in EMEA, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The Automotive and Discrete Group segment offers digital and analog automotive integrated circuits (ICs); and discrete and power transistor products.
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