STMicroelectronics (EPA:STM) Given a €48.00 Price Target by Deutsche Bank Rese… Analysts

STMicroelectronics (EPA:STMGet Rating) has been assigned a €48.00 ($51.61) target price by investment analysts at Deutsche Bank Rese… in a research report issued on Thursday, Borsen Zeitung reports. Deutsche Bank Rese…’s target price points to a potential upside of 37.01% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. set a €48.00 ($51.61) price target on shares of STMicroelectronics in a report on Monday, April 11th. UBS Group set a €44.00 ($47.31) target price on shares of STMicroelectronics in a report on Thursday, March 10th. Barclays set a €38.00 ($40.86) target price on shares of STMicroelectronics in a report on Wednesday. The Goldman Sachs Group set a €39.00 ($41.94) target price on shares of STMicroelectronics in a report on Wednesday. Finally, Berenberg Bank set a €48.00 ($51.61) target price on shares of STMicroelectronics in a report on Thursday, March 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Hold” and a consensus target price of €46.41 ($49.90).

Shares of STM opened at €35.04 ($37.67) on Thursday. The firm has a 50 day simple moving average of €36.74 and a 200-day simple moving average of €39.85. STMicroelectronics has a 1-year low of €12.40 ($13.33) and a 1-year high of €21.45 ($23.06).

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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