STMicroelectronics (EPA:STM) Given Average Rating of “Buy” by Analysts

Shares of STMicroelectronics (EPA:STM) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is €37.43 ($44.04).

A number of equities research analysts have issued reports on STM shares. The Goldman Sachs Group set a €34.00 ($40.00) target price on shares of STMicroelectronics in a report on Thursday. Barclays set a €42.00 ($49.41) target price on shares of STMicroelectronics in a report on Monday, July 12th. Berenberg Bank set a €39.00 ($45.88) target price on shares of STMicroelectronics and gave the company a “neutral” rating in a report on Thursday, June 17th. UBS Group set a €35.50 ($41.76) target price on shares of STMicroelectronics in a report on Tuesday, July 13th. Finally, JPMorgan Chase & Co. set a €36.50 ($42.94) target price on shares of STMicroelectronics in a report on Monday, July 5th.

STMicroelectronics stock traded up €1.22 ($1.44) during trading on Friday, hitting €32.33 ($38.04). The stock had a trading volume of 2,776,052 shares, compared to its average volume of 2,270,000. STMicroelectronics has a 1 year low of €12.40 ($14.59) and a 1 year high of €21.45 ($25.24). The company’s 50 day moving average price is €30.79.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and markets semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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