Morgan Stanley set a €28.00 ($32.56) price target on STMicroelectronics (EPA:STM) in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the semiconductor producer’s stock.
STM has been the topic of a number of other reports. Jefferies Financial Group set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a hold rating in a research note on Monday, January 6th. Goldman Sachs Group set a €24.50 ($28.49) price target on STMicroelectronics and gave the company a neutral rating in a research note on Wednesday, January 8th. Bryan, Garnier & Co set a €25.00 ($29.07) price target on STMicroelectronics and gave the company a buy rating in a research note on Tuesday, January 7th. UBS Group set a €16.50 ($19.19) price target on STMicroelectronics and gave the company a neutral rating in a research note on Thursday, October 24th. Finally, Deutsche Bank set a €25.00 ($29.07) price target on STMicroelectronics and gave the company a buy rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. STMicroelectronics currently has a consensus rating of Buy and a consensus price target of €24.36 ($28.32).
STMicroelectronics stock opened at €24.94 ($29.00) on Tuesday. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94). The stock’s fifty day moving average is €23.71 and its two-hundred day moving average is €19.19.
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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