Kepler Capital Markets Analysts Give STMicroelectronics (EPA:STM) a €28.00 Price Target
Kepler Capital Markets set a €28.00 ($32.56) price objective on STMicroelectronics (EPA:STM) in a research note released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
Several other analysts also recently issued reports on STM. Deutsche Bank set a €30.00 ($34.88) price target on STMicroelectronics and gave the stock a buy rating in a report on Friday, January 17th. JPMorgan Chase & Co. set a €30.00 ($34.88) target price on STMicroelectronics and gave the company a buy rating in a research note on Thursday, January 9th. UBS Group set a €23.00 ($26.74) target price on STMicroelectronics and gave the company a neutral rating in a research note on Thursday, January 16th. Morgan Stanley set a €28.00 ($32.56) target price on STMicroelectronics and gave the company a buy rating in a research note on Tuesday, January 14th. Finally, Credit Suisse Group set a €27.50 ($31.98) target price on STMicroelectronics and gave the company a buy rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of €26.44 ($30.75).
Shares of EPA STM opened at €27.74 ($32.26) on Thursday. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month high of €21.45 ($24.94). The stock’s 50 day simple moving average is €24.38 and its 200 day simple moving average is €19.69.
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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