The Goldman Sachs Group Inc. Analysts Give STMicroelectronics NV (STM) a €11.40 Price Target

The Goldman Sachs Group Inc. Analysts Give STMicroelectronics NV (STM) a €11.40 Price Target

STMicroelectronics NV (EPA:STM) has been assigned a €11.40 ($12.13) price objective by stock analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock.

A number of other equities research analysts have also recently weighed in on STM. Baader Bank set a €8.40 ($8.94) price objective on STMicroelectronics NV and gave the company a “buy” rating in a research note on Tuesday, September 27th. Morgan Stanley reaffirmed a “neutral” rating on shares of STMicroelectronics NV in a research note on Monday, October 10th. Deutsche Bank AG set a €5.50 ($5.85) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research note on Friday, October 14th. JPMorgan Chase & Co. set a €5.60 ($5.96) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research note on Monday, October 24th. Finally, Credit Suisse Group AG set a €6.50 ($6.91) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research note on Friday, October 28th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €7.73 ($8.22).

Shares of STMicroelectronics NV (EPA:STM) opened at 10.775 on Thursday. STMicroelectronics NV has a 1-year low of €4.49 and a 1-year high of €11.08. The firm has a 50-day moving average price of €10.34 and a 200-day moving average price of €7.90. The stock has a market capitalization of €9.52 billion and a PE ratio of 179.583.

STMicroelectronics NV Company Profile

STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.

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