Kepler Capital Believes Compagnie Générale des Établissements Michelin (MGDDF) Still Has Room to Grow
In a report issued on January 11, Thomas Besson from Kepler Capital maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF), with a price target of EUR120.00. The company’s shares closed last Tuesday at $130.20, close to its 52-week high of $134.00.
According to TipRanks.com, Besson is a 1-star analyst with an average return of -0.9% and a 59.8% success rate. Besson covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Renault SA, and Ferrari.
Currently, the analyst consensus on Compagnie Générale des Établissements Michelin is a Moderate Buy with an average price target of $141.49, implying a 9.3% upside from current levels. In a report issued on January 4, J.P. Morgan also maintained a Buy rating on the stock with a EUR125.00 price target.
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The company has a one-year high of $134.00 and a one-year low of $71.55. Currently, Compagnie Générale des Établissements Michelin has an average volume of 364.
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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.