STMicroelectronics (EPA:STM) has been given a €42.00 ($49.41) target price by research analysts at Barclays in a report released on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Barclays‘s price target would suggest a potential upside of 27.89% from the company’s current price.
Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. set a €35.00 ($41.18) target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a research note on Tuesday, January 26th. Kepler Capital Markets set a €40.00 ($47.06) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Friday, January 29th. Deutsche Bank Aktiengesellschaft set a €40.00 ($47.06) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Friday, January 29th. UBS Group set a €35.00 ($41.18) price objective on shares of STMicroelectronics and gave the company a “neutral” rating in a research note on Thursday, January 28th. Finally, The Goldman Sachs Group set a €30.00 ($35.29) price objective on shares of STMicroelectronics and gave the company a “sell” rating in a research note on Thursday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. STMicroelectronics presently has a consensus rating of “Buy” and a consensus target price of €36.73 ($43.21).
Shares of STM stock opened at €32.84 ($38.64) on Wednesday. The company has a 50-day moving average of €31.45 and a two-hundred day moving average of €31.02. STMicroelectronics has a 1-year low of €12.40 ($14.59) and a 1-year high of €21.45 ($25.24).
STMicroelectronics Company Profile
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products in EMEA, 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. The Automotive and Discrete Group segment offers digital and analog automotive integrated circuits (ICs); and discrete and power transistor products.
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