Goldman Sachs set a €148.00 ($182.72) price target on Michelin (EPA:ML) in a research report report published on Friday. The firm currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the company. Citigroup set a €146.00 ($180.25) price objective on Michelin and gave the stock a buy rating in a research note on Monday, January 15th. Morgan Stanley set a €130.00 ($160.49) price objective on Michelin and gave the stock a buy rating in a research note on Thursday, January 11th. Deutsche Bank set a €130.00 ($160.49) price objective on Michelin and gave the stock a buy rating in a research note on Friday, January 5th. JPMorgan Chase set a €145.00 ($179.01) price objective on Michelin and gave the stock a buy rating in a research note on Friday, January 5th. Finally, UBS set a €129.00 ($159.26) price objective on Michelin and gave the stock a buy rating in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of €135.47 ($167.24).
Shares of EPA ML traded down €0.40 ($0.49) during trading hours on Friday, reaching €126.65 ($156.36). 201,574 shares of the stock were exchanged, compared to its average volume of 561,093. Michelin has a 52 week low of €106.95 ($132.04) and a 52 week high of €130.85 ($161.54).
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Michelin Company Profile
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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