STMicroelectronics (EPA:STM) has been given a €16.00 ($19.05) price objective by stock analysts at Deutsche Bank in a research note issued to investors on Wednesday, December 20th. The brokerage currently has a “sell” rating on the semiconductor producer’s stock. Deutsche Bank’s target price suggests a potential downside of 19.96% from the company’s current price.
A number of other brokerages have also recently commented on STM. JPMorgan Chase & Co. set a €16.30 ($19.40) target price on shares of STMicroelectronics and gave the company a “buy” rating in a report on Friday, September 8th. Morgan Stanley set a €11.70 ($13.93) target price on shares of STMicroelectronics and gave the company a “sell” rating in a report on Friday, October 6th. Kepler Capital Markets reaffirmed a “sell” rating on shares of STMicroelectronics in a report on Monday, November 20th. Citigroup set a €21.00 ($25.00) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, UBS Group set a €13.00 ($15.48) target price on shares of STMicroelectronics and gave the company a “sell” rating in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. STMicroelectronics currently has an average rating of “Hold” and a consensus price target of €18.77 ($22.35).
STMicroelectronics (EPA:STM) traded down €0.01 ($0.01) during midday trading on Wednesday, reaching €19.99 ($23.80). 1,700,000 shares of the company’s stock traded hands, compared to its average volume of 2,640,000. STMicroelectronics has a one year low of €10.56 ($12.57) and a one year high of €21.45 ($25.54). The firm has a market capitalization of $18,080.00 and a P/E ratio of 66.63.
STMicroelectronics Company Profile
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.
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