In a report released today, Sascha Gommel from Jefferies maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF), with a price target of EUR118.00. The company’s shares closed last Thursday at $118.01, close to its 52-week high of $124.84.
According to TipRanks.com, Gommel is ranked #1811 out of 7011 analysts.
Compagnie Générale des Établissements Michelin has an analyst consensus of Strong Buy, with a price target consensus of $129.43, which is a 14.3% upside from current levels. In a report issued on October 12, Kepler Capital also maintained a Buy rating on the stock with a EUR110.00 price target.
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The company has a one-year high of $124.84 and a one-year low of $71.55. Currently, Compagnie Générale des Établissements Michelin has an average volume of 342.
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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.
