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A report released today by Baader Wertpapierhandelsbank about STMicroelectronics (EPA:STM) ups the target price to 8.40EUR

Yesterday STMicroelectronics (EPA:STM) traded 0.75% higher at 7.14EUR. The company’s 50-day moving average is 7.65EUR and its 200-day moving average is 6.35EUR. The last closing price is up 27.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,593,148 shares of the stock were exchanged, down from an average trading volume of 1,873,180

STMicroelectronics (EPA:STM) had its target price raised to 8.40EUR by Baader Wertpapierhandelsbank in a report released 09/27/2016. The new target price indicates a possible upside of 0.18% based on the company's last closing price.

Previously on Tuesday September 20, 2016, BNP PARIBAS reported on STMicroelectronics (EPA:STM) raised the target price from 0.00EUR to 9.30EUR. At the time, this indicated a possible upside of 0.33%.

See Chart Below

STMicroelectronics (EPA:STM)

STMicroelectronics has a 52 week low of 5.11EUR and a 52 week high of 8.21EUR with a P/E ratio of 95.95 The company’s market cap is currently 0 EUR.

In addition to Baader Wertpapierhandelsbank reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is 6.42EUR with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About STMicroelectronics (EPA:STM)

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. The Company designs, develops, manufactures and markets a range of semiconductor products, including discrete and standard commodity components, application-specific integrated circuits (ASICs), custom devices and semi-custom devices and application-specific standard products (ASSPs) for analog, digital and mixed-signal applications. The Company participates in the manufacturing value chain of smartcard products, which include the production and sale of both silicon chips and smartcards.

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