Baader Bank set a €21.50 ($25.29) target price on STMicroelectronics (EPA:STM) in a research note released on Tuesday morning. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
STM has been the topic of several other research reports. BNP Paribas set a €19.00 ($22.35) price objective on shares of STMicroelectronics and gave the company a buy rating in a report on Monday, September 4th. Morgan Stanley set a €11.70 ($13.76) price objective on shares of STMicroelectronics and gave the company a sell rating in a report on Friday, October 6th. Oddo Bhf set a €22.00 ($25.88) price objective on shares of STMicroelectronics and gave the company a buy rating in a report on Friday, November 3rd. J P Morgan Chase & Co set a €16.30 ($19.18) price objective on shares of STMicroelectronics and gave the company a buy rating in a report on Friday, September 8th. Finally, Citigroup Inc. set a €17.00 ($20.00) price objective on shares of STMicroelectronics and gave the company a neutral rating in a report on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of €16.98 ($19.97).
STMicroelectronics (STM) opened at €20.75 ($24.41) on Tuesday. STMicroelectronics has a fifty-two week low of €8.83 ($10.39) and a fifty-two week high of €21.45 ($25.24).
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STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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