STMicroelectronics (EPA:STM) PT Set at €28.00 by Kepler Capital Markets

STMicroelectronics (EPA:STM) has been given a €28.00 ($32.56) price target by research analysts at Kepler Capital Markets in a research note issued on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the semiconductor producer’s stock. Kepler Capital Markets’ price target suggests a potential upside of 11.78% from the company’s current price.

Several other brokerages have also recently issued reports on STM. Deutsche Bank set a €30.00 ($34.88) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. set a €30.00 ($34.88) price objective on STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday, January 9th. Jefferies Financial Group set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a “hold” rating in a research report on Monday, January 6th. Bryan, Garnier & Co set a €25.00 ($29.07) price target on STMicroelectronics and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Goldman Sachs Group set a €24.50 ($28.49) price target on STMicroelectronics and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of €26.28 ($30.55).

Shares of EPA:STM opened at €25.05 ($29.13) on Friday. STMicroelectronics has a 52-week low of €12.40 ($14.42) and a 52-week high of €21.45 ($24.94). The business has a 50-day moving average price of €23.83 and a 200-day moving average price of €19.29.

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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