UBS set a €15.50 ($19.14) target price on STMicroelectronics (EPA:STM) in a report released on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a sell rating on the semiconductor producer’s stock.
Several other brokerages have also recently issued reports on STM. JPMorgan Chase set a €26.00 ($32.10) price objective on STMicroelectronics and gave the stock a buy rating in a report on Friday, January 12th. Goldman Sachs set a €21.00 ($25.93) price target on STMicroelectronics and gave the stock a neutral rating in a report on Thursday, January 18th. Deutsche Bank set a €16.00 ($19.75) price target on STMicroelectronics and gave the stock a sell rating in a report on Friday, January 12th. Credit Suisse Group reissued a buy rating and issued a price target on shares of STMicroelectronics in a report on Tuesday, March 13th. Finally, Societe Generale reissued a buy rating on shares of STMicroelectronics in a report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. STMicroelectronics currently has an average rating of Hold and an average price target of €20.27 ($25.02).
Shares of STM stock opened at €19.87 ($24.53) on Thursday. STMicroelectronics has a 1 year low of €12.40 ($15.31) and a 1 year high of €21.45 ($26.48).
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STMicroelectronics Company Profile
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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