Soitec S.A. (OTCMKTS:SLOIY) Receives $228.00 Average Target Price from Brokerages

Soitec S.A. (OTCMKTS:SLOIY – Get Rating) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $228.00.

SLOIY has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Soitec in a research report on Thursday. They issued an “overweight” rating on the stock. Susquehanna initiated coverage on shares of Soitec in a research report on Monday, May 8th. They issued a “positive” rating on the stock. Jefferies Financial Group upgraded shares of Soitec from a “hold” rating to a “buy” rating in a research report on Wednesday, April 19th. Finally, JPMorgan Chase & Co. cut shares of Soitec from a “neutral” rating to an “underweight” rating in a report on Friday, May 12th.

Soitec Stock Performance

Soitec stock opened at $75.95 on Tuesday. The firm’s 50-day moving average is $75.95 and its 200-day moving average is $79.98. Soitec has a 1 year low of $66.93 and a 1 year high of $88.46.

Soitec Company Profile

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Soitec SA designs and manufactures semiconductor materials. The company operates through two segments: Electronics, and Royalties and Others Business. The Electronics segment provides services to semiconductor sector, producing and marketing substrates and components. The Others Business segment operates in Solar Energy sector, which also provides financing activities related to the Touwsrivier solar power plant in South Africa, as well as certain ongoing maintenance activities, primarily in Europe and the United States.