Compagnie Générale des Établissements Michelin (MGDDF) Received its Third Buy in a Row
After Goldman Sachs and Kepler Capital gave Compagnie Générale des Établissements Michelin (Other OTC: MGDDF) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Gaetan Toulemonde maintained a Buy rating on Compagnie Générale des Établissements Michelin today and set a price target of EUR135.00. The company’s shares closed last Monday at $115.30.
According to TipRanks.com, Toulemonde is ranked #4508 out of 5556 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Compagnie Générale des Établissements Michelin with a $134.24 average price target, implying a 16.4% upside from current levels. In a report issued on October 7, UBS also reiterated a Buy rating on the stock with a EUR120.00 price target.
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Compagnie Générale des Établissements Michelin’s market cap is currently $20.72B and has a P/E ratio of 11.38. The company has a Price to Book ratio of 1.48.
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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.