STMicroelectronics (EPA:STM – Get Rating) received a €48.00 ($48.98) price target from investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 29.98% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. UBS Group set a €38.00 ($38.78) target price on STMicroelectronics in a research report on Monday, July 11th. Deutsche Bank Aktiengesellschaft set a €48.00 ($48.98) price target on STMicroelectronics in a research note on Monday, May 16th. Jefferies Financial Group set a €24.00 ($24.49) price target on STMicroelectronics in a research note on Thursday. The Goldman Sachs Group set a €37.00 ($37.76) price target on STMicroelectronics in a research note on Monday, July 18th. Finally, Credit Suisse Group set a €65.00 ($66.33) price target on STMicroelectronics in a research note on Thursday, May 12th.
STMicroelectronics Stock Up 1.8 %
STMicroelectronics stock opened at €36.93 ($37.68) on Thursday. STMicroelectronics has a 12 month low of €12.40 ($12.65) and a 12 month high of €21.45 ($21.89). The stock’s 50 day moving average is €33.41 and its 200-day moving average is €36.20.
STMicroelectronics Company Profile
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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