Cie Gnrl des Etblsmnts Michelin SCA (ML) Receives €130.87 Average Target Price from Brokerages

Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) has been assigned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is €130.87 ($161.56).

ML has been the subject of a number of research reports. JPMorgan Chase & Co. set a €145.00 ($179.01) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Monday, October 2nd. Deutsche Bank set a €130.00 ($160.49) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Wednesday, October 4th. Morgan Stanley set a €125.00 ($154.32) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Monday, October 9th. UBS Group set a €129.00 ($159.26) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, set a €125.00 ($154.32) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “neutral” rating in a research note on Friday, October 13th.

Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) traded down €0.70 ($0.86) during mid-day trading on Friday, reaching €128.55 ($158.70). 576,723 shares of the company’s stock were exchanged, compared to its average volume of 463,591. Cie Gnrl des Etblsmnts Michelin SCA has a twelve month low of €98.93 ($122.14) and a twelve month high of €130.85 ($161.54). The stock has a market capitalization of $23,080.00 and a PE ratio of 13.39.

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About Cie Gnrl des Etblsmnts Michelin SCA

Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles. In addition, it publishes maps and guides, and offers digital products and services. The Company’s main activity is the production of tires for passenger cars, two-wheeled vehicles, trucks, agricultural equipment and aircraft, among others, which are sold through such distribution divisions as Euromaster in Europe and TCI in the United States.

Analyst Recommendations for Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML)

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