Kepler Capital Believes Compagnie Générale des Établissements Michelin (MGDDF) Won’t Stop Here
In a report issued on May 3, Alexandre Raverdy from Kepler Capital maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF), with a price target of EUR150.00. The company’s shares closed last Tuesday at $144.53, close to its 52-week high of $152.99.
According to TipRanks.com, Raverdy is a 1-star analyst with an average return of -2.5% and a 55.6% success rate. Raverdy covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Daimler.
Compagnie Générale des Établissements Michelin has an analyst consensus of Strong Buy, with a price target consensus of $167.97, a 16.2% upside from current levels. In a report issued on April 26, UBS also maintained a Buy rating on the stock with a EUR140.00 price target.
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Compagnie Générale des Établissements Michelin’s market cap is currently $26.22B and has a P/E ratio of 34.50. The company has a Price to Book ratio of 2.52.
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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.