STMicroelectronics (STM) PT Set at €23.00 by JPMorgan Chase & Co.
STMicroelectronics (EPA:STM) has been given a €23.00 ($28.40) price target by analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. The firm currently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 27.35% from the company’s previous close.
STM has been the topic of a number of other reports. Goldman Sachs Group set a €17.10 ($21.11) price target on STMicroelectronics and gave the stock a “neutral” rating in a report on Monday, November 6th. Baader Bank set a €21.50 ($26.54) price target on STMicroelectronics and gave the stock a “neutral” rating in a report on Tuesday, November 21st. UBS Group set a €15.00 ($18.52) price target on STMicroelectronics and gave the stock a “sell” rating in a report on Monday, November 27th. Morgan Stanley set a €12.90 ($15.93) price target on STMicroelectronics and gave the stock a “sell” rating in a report on Friday, November 17th. Finally, Kepler Capital Markets reissued a “sell” rating on shares of STMicroelectronics in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of €19.48 ($24.05).
STMicroelectronics (EPA:STM) traded up €0.01 ($0.01) during mid-day trading on Monday, hitting €18.06 ($22.30). The stock had a trading volume of 462,037 shares, compared to its average volume of 2,850,000. STMicroelectronics has a 12-month low of €12.40 ($15.31) and a 12-month high of €21.45 ($26.48). The stock has a market cap of $16,470.00 and a PE ratio of 62.28.
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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