STMicroelectronics NV (STM) Receives €21.63 Average PT from Brokerages

STMicroelectronics NV (EPA:STM) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is €21.63 ($25.15).

Several research analysts have recently issued reports on the stock. Credit Suisse Group set a €27.00 ($31.40) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday, October 4th. JPMorgan Chase & Co. set a €23.00 ($26.74) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Deutsche Bank set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Bank of America reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Friday, September 14th. Finally, Goldman Sachs Group set a €21.50 ($25.00) target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a research note on Monday, August 20th.

Shares of EPA STM traded up €0.08 ($0.09) during midday trading on Friday, hitting €19.87 ($23.10). The stock had a trading volume of 1,220,000 shares, compared to its average volume of 2,270,000. STMicroelectronics has a 52 week low of €12.40 ($14.42) and a 52 week high of €21.45 ($24.94).

About STMicroelectronics

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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