STMicroelectronics (EPA:STM) Price Target Raised to €40.00

STMicroelectronics (EPA:STMGet Rating) had its price objective hoisted by research analysts at UBS Group from €38.00 ($38.78) to €40.00 ($40.82) in a research note issued on Friday, The Fly reports. UBS Group’s price target indicates a potential upside of 8.31% from the stock’s current price.

Several other research analysts also recently issued reports on STM. Deutsche Bank Aktiengesellschaft set a €48.00 ($48.98) target price on shares of STMicroelectronics in a research note on Monday, May 16th. Berenberg Bank set a €37.00 ($37.76) target price on STMicroelectronics in a research note on Friday. Barclays set a €38.00 ($38.78) price target on STMicroelectronics in a research note on Wednesday, April 27th. The Goldman Sachs Group set a €41.50 ($42.35) price objective on STMicroelectronics in a research report on Friday. Finally, JPMorgan Chase & Co. set a €48.00 ($48.98) target price on shares of STMicroelectronics in a research report on Thursday.

STMicroelectronics Stock Performance

STMicroelectronics stock traded up €0.66 ($0.67) during mid-day trading on Friday, reaching €36.93 ($37.68). The stock had a trading volume of 2,738,351 shares, compared to its average volume of 2,270,000. STMicroelectronics has a one year low of €12.40 ($12.65) and a one year high of €21.45 ($21.89). The company has a 50-day moving average price of €33.41 and a two-hundred day moving average price of €36.11.

About STMicroelectronics

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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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