UBS Group set a €14.00 ($16.28) price objective on STMicroelectronics (EPA:STM) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the semiconductor producer’s stock.
A number of other equities analysts also recently weighed in on STM. Barclays set a €17.00 ($19.77) target price on shares of STMicroelectronics and gave the stock a buy rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. set a €15.00 ($17.44) target price on shares of STMicroelectronics and gave the stock a buy rating in a research note on Wednesday. Credit Suisse Group set a €18.00 ($20.93) target price on shares of STMicroelectronics and gave the stock a buy rating in a research note on Wednesday, January 9th. Kepler Capital Markets set a €16.00 ($18.60) price target on shares of STMicroelectronics and gave the stock a neutral rating in a report on Thursday, January 24th. Finally, Goldman Sachs Group set a €14.50 ($16.86) price target on shares of STMicroelectronics and gave the stock a neutral rating in a report on Wednesday, February 27th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of €16.84 ($19.58).
STMicroelectronics has a 52 week low of €12.40 ($14.42) and a 52 week high of €21.45 ($24.94).
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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