The Deutsche Bank AG Analysts Give STMicroelectronics NV (STM) a €5.50 Price Target

The Deutsche Bank AG Analysts Give STMicroelectronics NV (STM) a €5.50 Price Target

STMicroelectronics NV (EPA:STM) received a €5.50 ($6.11) price target from investment analysts at Deutsche Bank AG in a note issued to investors on Friday. The brokerage currently has a a “sell” rating on the stock.

Several other research firms also recently weighed in on STM. JPMorgan Chase & Co. set a €5.60 ($6.22) target price on STMicroelectronics NV and gave the company a “sell” rating in a research report on Thursday, July 28th. S&P Global Inc. set a €6.50 ($7.22) price objective on STMicroelectronics NV and gave the company a “neutral” rating in a research note on Thursday, July 28th. Bank of America Corp. set a €4.50 ($5.00) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research note on Friday, September 2nd. Citigroup Inc. reiterated a “neutral” rating on shares of STMicroelectronics NV in a research note on Thursday, September 8th. Finally, Morgan Stanley reissued a “neutral” rating on shares of STMicroelectronics NV in a report on Monday. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €6.20 ($6.89).

STMicroelectronics NV (EPA:STM) opened at 7.201 on Friday. STMicroelectronics NV has a 1-year low of €4.49 and a 1-year high of €7.54. The stock has a 50 day moving average price of €6.98 and a 200-day moving average price of €5.82. The company has a market capitalization of €6.36 billion and a price-to-earnings ratio of 85.726.

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