STMicroelectronics (STM) Given a €19.00 Price Target at Credit Suisse Group

STMicroelectronics (EPA:STM) has been given a €19.00 ($22.09) target price by analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Credit Suisse Group’s price target points to a potential upside of 21.52% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. set a €15.00 ($17.44) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, April 5th. Goldman Sachs Group set a €14.50 ($16.86) target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Deutsche Bank set a €18.00 ($20.93) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, January 25th. UBS Group set a €13.00 ($15.12) target price 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) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a report on Friday, January 25th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of €18.17 ($21.13).

Shares of EPA:STM opened at €15.64 ($18.18) on Thursday. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month 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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