STMicroelectronics (EPA:STM) PT Set at €30.00 by Barclays

Barclays set a €30.00 ($34.88) price objective on STMicroelectronics (EPA:STM) in a research report report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.

STM has been the topic of a number of other research reports. Bryan, Garnier & Co set a €25.00 ($29.07) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Tuesday, January 7th. Morgan Stanley set a €28.00 ($32.56) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. set a €30.00 ($34.88) target price on shares of STMicroelectronics and gave the stock a buy rating in a report on Thursday, January 9th. Goldman Sachs Group set a €24.50 ($28.49) price target on shares of STMicroelectronics and gave the stock a neutral rating in a report on Wednesday, January 8th. Finally, Credit Suisse Group set a €27.50 ($31.98) price target on shares of STMicroelectronics and gave the stock a buy rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of €26.28 ($30.55).

STMicroelectronics stock opened at €25.16 ($29.26) on Thursday. The firm’s 50 day simple moving average is €23.89 and its 200 day simple moving average is €19.34. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year 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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