STMicroelectronics NV (STM) Given a €22.00 Price Target at Oddo Bhf
Oddo Bhf set a €22.00 ($25.88) target price on STMicroelectronics NV (EPA:STM) in a research note issued to investors on Friday. The firm currently has a buy rating on the semiconductor producer’s stock.
Several other research firms have also recently issued reports on STM. J P Morgan Chase & Co reaffirmed a buy rating on shares of STMicroelectronics NV in a research note on Thursday, September 14th. Goldman Sachs Group, Inc. (The) set a €16.30 ($19.18) price target on shares of STMicroelectronics NV and gave the stock a neutral rating in a research note on Thursday, September 14th. UBS Group AG (USA) reaffirmed a sell rating on shares of STMicroelectronics NV in a research note on Thursday, September 14th. BNP Paribas set a €19.00 ($22.35) price target on shares of STMicroelectronics NV and gave the stock a buy rating in a research note on Monday, September 4th. Finally, S&P Global set a €16.00 ($18.82) price target on shares of STMicroelectronics NV and gave the stock a neutral rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of €16.51 ($19.43).
STMicroelectronics NV (STM) traded up €0.56 ($0.66) during trading hours on Friday, reaching €20.98 ($24.68). 2,440,000 shares of the company’s stock traded hands, compared to its average volume of 2,710,000. STMicroelectronics NV has a 52-week low of €8.01 ($9.42) and a 52-week high of €21.03 ($24.74).
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.
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