STMicroelectronics (EPA:STM) has been assigned a €25.50 ($29.65) price target by stock analysts at Goldman Sachs Group in a research report issued on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the semiconductor producer’s stock. Goldman Sachs Group’s target price would suggest a potential downside of 13.15% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Bryan, Garnier & Co set a €25.00 ($29.07) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Kepler Capital Markets set a €28.00 ($32.56) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Credit Suisse Group set a €31.50 ($36.63) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. set a €30.00 ($34.88) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group set a €30.00 ($34.88) target price on shares of STMicroelectronics and gave the stock a “hold” rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of €26.86 ($31.23).
Shares of EPA:STM traded up €0.82 ($0.95) on Thursday, hitting €29.36 ($34.14). 2,964,130 shares of the company were exchanged, compared to its average volume of 2,270,000. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94). The stock’s 50 day moving average price is €25.62 and its 200 day moving average price is €20.73.
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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