Morgan Stanley Believes Compagnie Générale des Établissements Michelin (MGDDF) Still Has Room to Grow
In a report released today, Harald Hendrikse from Morgan Stanley maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF), with a price target of EUR115.00. The company’s shares closed last Friday at $125.45, close to its 52-week high of $126.90.
According to TipRanks.com, Hendrikse is ranked #5968 out of 7103 analysts.
Compagnie Générale des Établissements Michelin has an analyst consensus of Moderate Buy, with a price target consensus of $134.35, representing a 5.3% upside. In a report issued on November 18, Kepler Capital also maintained a Buy rating on the stock with a EUR120.00 price target.
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The company has a one-year high of $126.90 and a one-year low of $71.55. Currently, Compagnie Générale des Établissements Michelin has an average volume of 475.
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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.