STMicroelectronics (EPA:STM) Given a €25.50 Price Target at Goldman Sachs Group

Goldman Sachs Group set a €25.50 ($29.65) target price on STMicroelectronics (EPA:STM) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the semiconductor producer’s stock.

STM has been the subject of several other research reports. Bryan, Garnier & Co set a €25.00 ($29.07) price objective on STMicroelectronics and gave the company a buy rating in a research note on Tuesday, January 7th. Kepler Capital Markets set a €28.00 ($32.56) price objective on STMicroelectronics and gave the company a buy rating in a research note on Thursday, January 23rd. UBS Group set a €23.00 ($26.74) price objective on STMicroelectronics and gave the company a neutral rating in a research note on Thursday, January 23rd. Credit Suisse Group set a €31.50 ($36.63) price objective on STMicroelectronics and gave the company a buy rating in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group set a €30.00 ($34.88) price objective on STMicroelectronics and gave the company a hold rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. STMicroelectronics has a consensus rating of Buy and an average target price of €26.86 ($31.23).

EPA STM traded down €0.42 ($0.49) during trading on Thursday, hitting €28.95 ($33.66). 3,007,369 shares of the company’s stock were exchanged, compared to its average volume of 2,270,000. The stock’s 50 day moving average price is €25.72 and its two-hundred day moving average price is €20.79. STMicroelectronics has a fifty-two week low of €12.40 ($14.42) and a fifty-two week high of €21.45 ($24.94).

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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