JPMorgan Chase set a €145.00 ($179.01) price target on Michelin (EPA:ML) in a report released on Tuesday morning. The brokerage currently has a buy rating on the stock.
ML has been the subject of a number of other research reports. Morgan Stanley set a €125.00 ($154.32) price objective on shares of Michelin and gave the company a neutral rating in a research report on Friday, March 23rd. Goldman Sachs set a €148.00 ($182.72) price objective on shares of Michelin and gave the company a buy rating in a research report on Wednesday, February 21st. Citigroup set a €146.00 ($180.25) price objective on shares of Michelin and gave the company a buy rating in a research report on Monday, January 15th. Deutsche Bank set a €130.00 ($160.49) price objective on shares of Michelin and gave the company a buy rating in a research report on Friday, January 5th. Finally, UBS set a €129.00 ($159.26) price objective on shares of Michelin and gave the company a buy rating in a research report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of €132.50 ($163.58).
Shares of ML opened at €126.65 ($156.36) on Tuesday. Michelin has a one year low of €106.95 ($132.04) and a one year high of €130.85 ($161.54).
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Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. The company operates through three segments: Passenger Car and Light Truck Tires and Related Distribution; Truck Tires and Related Distribution; and Specialty Businesses. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles.
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