Credit Suisse Group set a €26.00 ($30.23) price target on STMicroelectronics (EPA:STM) in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
Several other equities research analysts also recently commented on STM. Bryan, Garnier & Co set a €25.00 ($29.07) price objective on STMicroelectronics and gave the company a buy rating in a report on Tuesday, January 7th. Jefferies Financial Group set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a hold rating in a report on Monday, January 6th. JPMorgan Chase & Co. set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a buy rating in a report on Wednesday, January 29th. UBS Group set a €24.00 ($27.91) price target on STMicroelectronics and gave the company a neutral rating in a report on Thursday, March 12th. Finally, Kepler Capital Markets set a €28.00 ($32.56) price target on STMicroelectronics and gave the company a buy rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. STMicroelectronics has an average rating of Buy and a consensus price target of €26.07 ($30.31).
EPA STM opened at €19.46 ($22.62) on Tuesday. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month high of €21.45 ($24.94). The stock has a 50 day moving average of €24.72 and a 200-day moving average of €22.13.
STMicroelectronics Company Profile
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.
Featured Story: Institutional Investors
Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.