STMicroelectronics (STM) PT Set at €20.00 by JPMorgan Chase & Co.

STMicroelectronics (EPA:STM) has been assigned a €20.00 ($23.26) target price by analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the semiconductor producer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 37.41% from the company’s current price.

A number of other analysts have also commented on STM. Kepler Capital Markets set a €16.00 ($18.60) price target on shares of STMicroelectronics and gave the stock a “neutral” rating in a research note on Thursday, January 24th. Credit Suisse Group set a €18.00 ($20.93) price target on shares of STMicroelectronics and gave the stock a “buy” rating in a research note on Thursday, January 24th. UBS Group set a €13.00 ($15.12) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Thursday, January 24th. Goldman Sachs Group set a €16.50 ($19.19) price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Thursday, January 24th. Finally, Barclays set a €17.00 ($19.77) price objective on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of €18.17 ($21.13).

Shares of STM stock opened at €14.56 ($16.92) on Tuesday. STMicroelectronics has a 52 week low of €12.40 ($14.42) and a 52 week high of €21.45 ($24.94).

About STMicroelectronics

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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