Credit Suisse Group reissued their buy rating on shares of STMicroelectronics (EPA:STM) in a report published on Tuesday, March 13th. Credit Suisse Group currently has a price target on the semiconductor producer’s stock.
Several other brokerages have also commented on STM. Baader Bank set a €21.50 ($26.54) price objective on STMicroelectronics and gave the company a neutral rating in a report on Tuesday, November 21st. UBS set a €15.00 ($18.52) price objective on STMicroelectronics and gave the company a sell rating in a report on Monday, November 27th. JPMorgan Chase & Co. set a €26.00 ($32.10) price target on STMicroelectronics and gave the stock a buy rating in a research note on Thursday, November 23rd. Morgan Stanley set a €12.90 ($15.93) price target on STMicroelectronics and gave the stock a sell rating in a research note on Friday, November 17th. Finally, Kepler Capital Markets reaffirmed a sell rating on shares of STMicroelectronics in a research note on Monday, November 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and an average price target of €19.98 ($24.66).
STMicroelectronics stock opened at €19.87 ($24.53) on Tuesday. STMicroelectronics has a 12-month low of €12.40 ($15.31) and a 12-month high of €21.45 ($26.48). The firm has a market capitalization of $18,200.00 and a P/E ratio of 68.52.
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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