STMicroelectronics (EPA:STM) has been assigned a €24.50 ($28.49) target price by equities researchers at Goldman Sachs Group in a research note issued on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the semiconductor producer’s stock. Goldman Sachs Group’s price target points to a potential downside of 3.39% from the company’s current price.
STM has been the topic of several other reports. Jefferies Financial Group set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a “hold” rating in a report on Monday, January 6th. Credit Suisse Group set a €27.50 ($31.98) price target on STMicroelectronics and gave the company a “buy” rating in a report on Friday. Morgan Stanley set a €28.00 ($32.56) price target on STMicroelectronics and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. set a €30.00 ($34.88) price target on STMicroelectronics and gave the company a “buy” rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of €26.28 ($30.55).
STM traded up €0.20 ($0.23) during trading on Monday, hitting €25.36 ($29.49). 1,890,774 shares of the company’s stock traded hands, compared to its average volume of 2,270,000. The company’s 50 day simple moving average is €23.89 and its two-hundred day simple moving average is €19.34. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month high of €21.45 ($24.94).
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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