STMicroelectronics (EPA:STM) Given a €48.00 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a €48.00 ($52.17) target price on STMicroelectronics (EPA:STMGet Rating) in a research report sent to investors on Monday, Borsen Zeitung reports.

Several other equities research analysts also recently issued reports on STM. Deutsche Bank Aktiengesellschaft set a €52.00 ($56.52) price objective on shares of STMicroelectronics in a research note on Monday, January 31st. The Goldman Sachs Group set a €39.00 ($42.39) target price on shares of STMicroelectronics in a research note on Friday, March 18th. Barclays set a €65.00 ($70.65) target price on shares of STMicroelectronics in a research note on Monday, January 31st. UBS Group set a €44.00 ($47.83) target price on shares of STMicroelectronics in a research note on Thursday, March 10th. Finally, Credit Suisse Group upped their target price on shares of STMicroelectronics from €60.00 ($65.22) to €65.00 ($70.65) in a research note on Thursday, February 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, STMicroelectronics has a consensus rating of Hold and an average price target of €46.85 ($50.92).

STMicroelectronics stock opened at €34.68 ($37.69) on Monday. STMicroelectronics has a 1 year low of €12.40 ($13.48) and a 1 year high of €21.45 ($23.32). The firm has a 50 day moving average price of €37.85 and a 200 day moving average price of €40.09.

STMicroelectronics Company Profile (Get Rating)

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

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