STMicroelectronics (STM) PT Set at €19.00 by Barclays

STMicroelectronics (STM) PT Set at €19.00 by Barclays

Barclays set a €19.00 ($22.09) price objective on STMicroelectronics (EPA:STM) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the semiconductor producer’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. set a €15.00 ($17.44) price target on STMicroelectronics and gave the company a buy rating in a report on Friday, April 5th. Goldman Sachs Group set a €14.50 ($16.86) price target on STMicroelectronics and gave the company a neutral rating in a report on Tuesday, March 5th. Credit Suisse Group set a €17.20 ($20.00) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Wednesday, January 30th. Deutsche Bank set a €18.00 ($20.93) price objective on STMicroelectronics and gave the stock a buy rating in a research note on Friday, January 25th. Finally, UBS Group set a €13.00 ($15.12) price objective on STMicroelectronics and gave the stock a neutral rating in a research note on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of €18.17 ($21.13).

Shares of EPA STM traded down €0.06 ($0.07) during trading on Wednesday, reaching €15.57 ($18.10). The stock had a trading volume of 2,721,293 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.

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