STMicroelectronics NV’s (STM) “Neutral” Rating Reaffirmed at Citigroup Inc.
STMicroelectronics NV (EPA:STM)‘s stock had its “neutral” rating reiterated by analysts at Citigroup Inc. in a research note issued on Thursday.
Several other equities analysts also recently commented on the company. Barclays PLC set a €5.50 ($6.11) target price on STMicroelectronics NV and gave the stock a “neutral” rating in a research report on Wednesday, July 6th. JPMorgan Chase & Co. restated a “sell” rating on shares of STMicroelectronics NV in a research report on Tuesday, June 21st. Morgan Stanley set a €5.25 ($5.83) target price on STMicroelectronics NV and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. BNP Paribas set a €9.30 ($10.33) target price on STMicroelectronics NV and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank AG set a €5.00 ($5.56) price objective on STMicroelectronics NV and gave the company a “sell” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. STMicroelectronics NV presently has a consensus rating of “Hold” and an average price target of €5.96 ($6.62).
Shares of STMicroelectronics NV (EPA:STM) traded down 0.749% on Thursday, reaching €6.759. The company had a trading volume of 1,923,001 shares. STMicroelectronics NV has a one year low of €4.49 and a one year high of €7.14. The company has a 50-day moving average price of €6.52 and a 200-day moving average price of €5.48. The firm has a market cap of €5.97 billion and a P/E ratio of 80.464.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/stmicroelectronics-nvs-stm-neutral-rating-reaffirmed-at-citigroup-inc.html
STMicroelectronics NV Company Profile
STMicroelectronics N.V. is a global semiconductor company. The Company is focused on Smart Driving, enabled by digitalization and electrification of the car, and the Internet of Things, including portable and wearable systems, as well as smart home, city and industry applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG) and Others.
Receive News & Ratings for STMicroelectronics NV Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for STMicroelectronics NV and related companies with MarketBeat.com’s FREE daily email newsletter.