STMicroelectronics (EPA:STM) Given a €27.50 Price Target by Credit Suisse Group Analysts

STMicroelectronics (EPA:STM) has been given a €27.50 ($31.98) price objective by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 17.52% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. UBS Group set a €16.50 ($19.19) price target on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Barclays set a €21.50 ($25.00) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Friday, October 25th. Goldman Sachs Group set a €23.90 ($27.79) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank set a €25.00 ($29.07) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of €21.92 ($25.49).

Shares of STM stock opened at €23.40 ($27.21) on Monday. STMicroelectronics has a one year low of €12.40 ($14.42) and a one year high of €21.45 ($24.94). The company’s 50-day simple moving average is €21.54 and its 200-day simple moving average is €17.54.

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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