Michelin SCA PT Lowered to €94.00 (ML)
Investment analysts at Natixis lowered their price target on shares of Michelin SCA (EPA:ML) from €96.00 ($133.33) to €94.00 ($130.56) in a note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock.
Shares of Michelin SCA (EPA:ML) traded down 3.72% during mid-day trading on Tuesday, hitting €76.78. The stock had a trading volume of 1,870,577 shares. Michelin SCA has a 1-year low of €57.23 and a 1-year high of €84.71. The stock’s 50-day moving average is €78.58 and its 200-day moving average is €71.73. The company has a market cap of €14.361 billion and a price-to-earnings ratio of 11.96.
Compagnie Generale des Etablissements Michelin SCA (EPA:ML) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles.
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