Deutsche Bank Analysts Give STMicroelectronics (STM) a €20.00 Price Target

Deutsche Bank set a €20.00 ($23.26) target price on STMicroelectronics (EPA:STM) in a research report report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the semiconductor producer’s stock.

Several other equities research analysts have also recently commented on STM. Credit Suisse Group set a €19.00 ($22.09) target price on STMicroelectronics and gave the company a buy rating in a research note on Thursday. UBS Group set a €16.50 ($19.19) target price on STMicroelectronics and gave the company a neutral rating in a research note on Wednesday. Barclays set a €19.00 ($22.09) target price on STMicroelectronics and gave the company a buy rating in a research note on Wednesday. Goldman Sachs Group set a €14.50 ($16.86) target price on STMicroelectronics and gave the company a neutral rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) target price on STMicroelectronics and gave the company a buy rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of €18.17 ($21.13).

Shares of STM stock traded down €0.18 ($0.21) during mid-day trading on Thursday, reaching €15.59 ($18.12). The stock had a trading volume of 3,541,566 shares, compared to its average volume of 2,270,000. STMicroelectronics has a one year low of €12.40 ($14.42) and a one year high of €21.45 ($24.94).

STMicroelectronics Company Profile

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.

Featured Article: Cost of Equity For A Business, Investors

Analyst Recommendations for STMicroelectronics (EPA:STM)

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