Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €129.00 Price Target by UBS AG Analysts
Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) has been assigned a €129.00 ($151.76) price target by analysts at UBS AG in a note issued to investors on Wednesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock.
A number of other research firms have also recently weighed in on ML. Morgan Stanley set a €120.00 ($141.18) price objective on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “buy” rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Wednesday, August 16th. Jefferies Group LLC set a €115.00 ($135.29) price target on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “neutral” rating in a report on Monday, August 7th. Deutsche Bank AG reissued a “buy” rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a report on Friday, September 15th. Finally, Berenberg Bank set a €106.00 ($124.71) price target on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “sell” rating in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €122.06 ($143.60).
Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA ML) traded down 0.12% on Wednesday, reaching €122.55. The company’s stock had a trading volume of 110,640 shares. The company has a market capitalization of €22.05 billion and a price-to-earnings ratio of 12.77. Cie Gnrl des Etblsmnts Michelin SCA has a 1-year low of €92.11 and a 1-year high of €125.70. The stock has a 50-day moving average price of €119.17 and a 200-day moving average price of €117.54.
Cie Gnrl des Etblsmnts Michelin SCA Company Profile
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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