In a report released yesterday, Erwann Dagorne from Barclays maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF – Research Report), with a price target of EUR150.00. The company’s shares closed last Monday at $155.50.
According to TipRanks.com, Dagorne is ranked #6033 out of 7706 analysts.
Currently, the analyst consensus on Compagnie Générale des Établissements Michelin is a Strong Buy with an average price target of $175.24, which is a 12.7% upside from current levels. In a report issued on October 11, Kepler Capital also maintained a Buy rating on the stock with a EUR165.00 price target.
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The company has a one-year high of $171.80 and a one-year low of $107.43. Currently, Compagnie Générale des Établissements Michelin has an average volume of 243.
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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.
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