In a report released yesterday, Thomas Besson from Kepler Capital maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF), with a price target of EUR100.00. The company’s shares closed last Monday at $88.04.
According to TipRanks.com, Besson is a 1-star analyst with an average return of -2.6% and a 40.1% success rate. Besson covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Infineon, and Daimler.
Compagnie Générale des Établissements Michelin has an analyst consensus of Moderate Buy, with a price target consensus of $126.28.
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Compagnie Générale des Établissements Michelin’s market cap is currently $15.71B and has a P/E ratio of 8.00. The company has a Price to Book ratio of 1.68.
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Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses. Compagnie Générale des Établissements Michelin was founded by Aristide Barbier and Édouard Daubrée on July 15, 1863 and is headquartered in Clermont-Ferrand, France.
