STMicroelectronics (EPA:STM) Given a €15.50 Price Target at UBS

STMicroelectronics (EPA:STM) has been assigned a €15.50 ($19.14) price target by equities researchers at UBS in a note issued to investors on Thursday, April 12th, www.boersen-zeitung.de reports. The firm presently has a “sell” rating on the semiconductor producer’s stock. UBS’s price objective would suggest a potential downside of 21.99% from the company’s previous close.

A number of other research analysts have also issued reports on STM. Goldman Sachs set a €21.00 ($25.93) price objective on STMicroelectronics and gave the company a “neutral” rating in a research report on Thursday, January 25th. Credit Suisse Group set a €24.50 ($30.25) price target on STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank set a €16.00 ($19.75) price objective on STMicroelectronics and gave the stock a “sell” rating in a research note on Wednesday, December 20th. JPMorgan Chase set a €26.00 ($32.10) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Societe Generale reissued a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of €20.27 ($25.02).

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STM stock opened at €19.87 ($24.53) on Thursday. STMicroelectronics has a 52-week low of €12.40 ($15.31) and a 52-week high of €21.45 ($26.48).

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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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