Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €84.00 Price Target at Barclays PLC
Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) has been assigned a €84.00 ($93.33) price objective by equities research analysts at Barclays PLC in a report issued on Friday. The firm presently has a a “sell” rating on the stock.
Several other analysts have also recently commented on the company. Morgan Stanley set a €105.00 ($116.67) price target on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas set a €99.00 ($110.00) price target on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Tuesday, October 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Monday, September 12th. Goldman Sachs Group Inc. set a €98.00 ($108.89) price objective on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “neutral” rating in a research note on Friday, August 19th. Finally, Societe Generale set a €107.00 ($118.89) price objective on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €96.68 ($107.43).
Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) opened at 98.06 on Friday. Cie Gnrl des Etblsmnts Michelin SCA has a 1-year low of €77.40 and a 1-year high of €100.30. The stock has a market cap of €17.70 billion and a price-to-earnings ratio of 14.83. The firm has a 50-day moving average price of €96.63 and a 200-day moving average price of €91.98.
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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.
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