STMicroelectronics (EPA:STM) received a €20.00 ($23.26) price target from stock analysts at Credit Suisse Group in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s target price indicates a potential upside of 0.65% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Bank of America reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Friday, September 14th. Deutsche Bank set a €20.00 ($23.26) target price on STMicroelectronics and gave the company a “buy” rating in a report on Tuesday, October 2nd. UBS Group set a €16.50 ($19.19) target price on STMicroelectronics and gave the company a “sell” rating in a report on Friday, August 17th. Goldman Sachs Group set a €21.50 ($25.00) target price on STMicroelectronics and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Baader Bank set a €20.50 ($23.84) target price on STMicroelectronics and gave the company a “neutral” rating in a report on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of €18.83 ($21.90).
Shares of STMicroelectronics stock opened at €19.87 ($23.10) on Tuesday. STMicroelectronics has a fifty-two week low of €12.40 ($14.42) and a fifty-two week high of €21.45 ($24.94).
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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