J P Morgan Chase & Co Reiterates “€16.30” Price Target for STMicroelectronics NV (STM)

STMicroelectronics NV (EPA:STM) has been given a €16.30 ($19.18) price objective by equities research analysts at J P Morgan Chase & Co in a research note issued on Tuesday, July 11th. The firm currently has a “buy” rating on the semiconductor producer’s stock.

A number of other equities analysts have also commented on the company. Deutsche Bank AG reissued a “sell” rating on shares of STMicroelectronics NV in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) set a €13.70 ($16.12) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Monday, June 19th. UBS AG set a €15.00 ($17.65) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, June 8th. Baader Bank set a €14.00 ($16.47) price objective on STMicroelectronics NV and gave the stock a “neutral” rating in a research note on Thursday, May 4th. Finally, Barclays PLC set a €17.25 ($20.29) price objective on STMicroelectronics NV and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of €13.20 ($15.53).

Shares of STMicroelectronics NV (EPA STM) traded up 1.09% during midday trading on Tuesday, hitting €14.83. 1,781,059 shares of the company were exchanged. The company’s 50 day moving average price is €13.74 and its 200 day moving average price is €13.98. The firm has a market cap of €13.17 billion and a P/E ratio of 30.33. STMicroelectronics NV has a one year low of €6.40 and a one year high of €15.59.

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About STMicroelectronics NV

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Analyst Recommendations for STMicroelectronics NV (EPA:STM)

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