Soitec S.A. (OTCMKTS:SLOIY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Soitec S.A. (OTCMKTS:SLOIY – Get Rating) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $219.67.

A number of brokerages have commented on SLOIY. Deutsche Bank Aktiengesellschaft increased their target price on Soitec from €175.00 ($186.17) to €200.00 ($212.77) and gave the company a “buy” rating in a report on Tuesday, November 29th. Stifel Nicolaus started coverage on Soitec in a research note on Wednesday, December 21st. They issued a “buy” rating on the stock. Sanford C. Bernstein initiated coverage on shares of Soitec in a research report on Wednesday, January 18th. They issued an “outperform” rating on the stock. Finally, Credit Suisse Group increased their price target on shares of Soitec from €263.00 ($279.79) to €272.00 ($289.36) in a research note on Tuesday, November 15th.

Soitec Price Performance

SLOIY opened at $82.85 on Thursday. The company has a fifty day moving average of $82.85 and a two-hundred day moving average of $80.57. Soitec has a fifty-two week low of $66.93 and a fifty-two week high of $95.20.

About Soitec

(Get Rating)

Soitec SA designs and manufactures semiconductor materials. The company operates through two segments: Electronics, and Royalties and Others Business. The Electronics segment provides services to semiconductor sector, producing and marketing substrates and components. The Others Business segment operates in Solar Energy sector, which also provides financing activities related to the Touwsrivier solar power plant in South Africa, as well as certain ongoing maintenance activities, primarily in Europe and the United States.