Morgan Stanley set a €11.70 ($13.76) price target on STMicroelectronics NV (EPA:STM) in a research note published on Friday. The firm currently has a sell rating on the semiconductor producer’s stock.

STM has been the subject of a number of other reports. UBS AG set a €15.00 ($17.65) price objective on STMicroelectronics NV and gave the company a neutral rating in a report on Thursday, June 8th. Credit Suisse Group set a €16.50 ($19.41) price objective on STMicroelectronics NV and gave the company a neutral rating in a report on Thursday, July 27th. Citigroup Inc. set a €15.00 ($17.65) price objective on STMicroelectronics NV and gave the company a neutral rating in a report on Thursday, July 27th. S&P Global set a €16.00 ($18.82) price objective on STMicroelectronics NV and gave the company a neutral rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a €16.30 ($19.18) price objective on STMicroelectronics NV and gave the company a neutral rating in a report on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of €14.40 ($16.95).

STMicroelectronics NV (EPA:STM) traded up 0.21% during midday trading on Friday, reaching €16.81. 2,256,971 shares of the company’s stock traded hands. The stock has a market capitalization of €14.92 billion and a price-to-earnings ratio of 34.38. The company’s 50-day moving average price is €15.49 and its 200 day moving average price is €14.54. STMicroelectronics NV has a 52 week low of €7.06 and a 52 week high of €17.24.

ILLEGAL ACTIVITY NOTICE: “STMicroelectronics NV (STM) Given a €11.70 Price Target by Morgan Stanley Analysts” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/stmicroelectronics-nv-stm-given-a-11-70-price-target-by-morgan-stanley-analysts/1616036.html.

About STMicroelectronics NV

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Analyst Recommendations for STMicroelectronics NV (EPA:STM)

Receive News & Ratings for STMicroelectronics NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics NV and related companies with Analyst Ratings Network's FREE daily email newsletter.