STMicroelectronics (EPA:STM) has been given a €60.00 ($68.18) price objective by Credit Suisse Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. Credit Suisse Group’s price target would suggest a potential upside of 39.66% from the company’s previous close.
Other analysts also recently issued research reports about the company. UBS Group set a €45.00 ($51.14) price objective on STMicroelectronics in a research note on Friday, January 7th. Barclays set a €50.00 ($56.82) price objective on STMicroelectronics in a research note on Friday, October 29th. Deutsche Bank Aktiengesellschaft set a €50.00 ($56.82) price target on STMicroelectronics in a research note on Friday, October 29th. The Goldman Sachs Group set a €40.50 ($46.02) price target on STMicroelectronics in a research note on Friday, January 7th. Finally, Berenberg Bank set a €43.00 ($48.86) price target on STMicroelectronics in a research note on Friday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of €47.11 ($53.54).
Shares of STMicroelectronics stock opened at €42.96 ($48.82) on Thursday. STMicroelectronics has a 12 month low of €12.40 ($14.09) and a 12 month high of €21.45 ($24.38). The stock’s fifty day simple moving average is €43.38 and its 200 day simple moving average is €38.61.
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.
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