Deutsche Bank set a €20.00 ($23.26) price target on STMicroelectronics (EPA:STM) in a research note released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
Several other equities research analysts have also issued reports on STM. Cfra set a €25.80 ($30.00) price target on shares of STMicroelectronics and gave the company a buy rating in a report on Thursday, June 21st. Credit Suisse Group set a €27.00 ($31.40) price target on shares of STMicroelectronics and gave the company a buy rating in a report on Thursday, September 20th. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on shares of STMicroelectronics and gave the company a buy rating in a report on Wednesday, September 5th. Bank of America reaffirmed a neutral rating on shares of STMicroelectronics in a report on Friday, September 14th. Finally, Baader Bank set a €20.50 ($23.84) price target on shares of STMicroelectronics and gave the company a neutral rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of €21.63 ($25.15).
Shares of STMicroelectronics stock opened at €19.87 ($23.10) on Wednesday. STMicroelectronics has a 1 year low of €12.40 ($14.42) and a 1 year high of €21.45 ($24.94).
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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