Credit Suisse Group Analysts Give STMicroelectronics (EPA:STM) a €19.00 Price Target

Credit Suisse Group set a €19.00 ($22.09) price objective on STMicroelectronics (EPA:STM) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the semiconductor producer’s stock.

Several other research firms have also commented on STM. Barclays set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Friday, July 26th. Goldman Sachs Group set a €17.50 ($20.35) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Friday, August 9th. Bank of America set a €17.30 ($20.12) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a buy rating in a research report on Tuesday, September 3rd. Finally, UBS Group set a €16.50 ($19.19) price target on shares of STMicroelectronics and gave the company a neutral rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of €19.15 ($22.27).

STM stock opened at €18.26 ($21.23) on Wednesday. The firm has a 50 day simple moving average of €16.31. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month high of €21.45 ($24.94).

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for STMicroelectronics (EPA:STM)

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