Analysts Set Soitec S.A. (OTCMKTS:SLOIY) Price Target at $225.25

Soitec S.A. (OTCMKTS:SLOIY – Get Rating) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $225.25.

Several brokerages have recently commented on SLOIY. JPMorgan Chase & Co. lowered their price objective on shares of Soitec from €240.00 ($244.90) to €195.00 ($198.98) and set a “neutral” rating for the company in a research note on Monday, June 27th. Berenberg Bank lowered their price target on Soitec from €280.00 ($285.71) to €270.00 ($275.51) and set a “buy” rating for the company in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Soitec from €200.00 ($204.08) to €225.00 ($229.59) and gave the stock a “buy” rating in a report on Friday, April 29th. New Street Research started coverage on Soitec in a research report on Wednesday. They issued a “buy” rating on the stock. Finally, UBS Group cut their price objective on Soitec from €213.00 ($217.35) to €211.00 ($215.31) in a research report on Friday, April 29th.

Soitec Stock Performance

OTCMKTS:SLOIY opened at $71.20 on Wednesday. The company has a fifty day moving average of $81.42 and a 200 day moving average of $85.37. Soitec has a 52 week low of $66.93 and a 52 week high of $135.00.

About Soitec

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Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.