Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €145.00 Price Target by J P Morgan Chase & Co Analysts

J P Morgan Chase & Co set a €145.00 ($170.59) price objective on Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) in a research note released on Friday morning. The firm currently has a buy rating on the stock.

A number of other analysts have also commented on the stock. Deutsche Bank AG set a €130.00 ($152.94) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a buy rating in a research note on Friday. Goldman Sachs Group Inc set a €133.00 ($156.47) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a buy rating in a research note on Thursday. BNP Paribas set a €119.00 ($140.00) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a neutral rating in a research note on Monday, October 16th. HSBC Holdings plc set a €125.00 ($147.06) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a neutral rating in a research note on Friday, October 13th. Finally, UBS AG set a €129.00 ($151.76) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a buy rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Cie Gnrl des Etblsmnts Michelin SCA has a consensus rating of Hold and a consensus price target of €122.31 ($143.90).

Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA ML) traded up 0.96% during midday trading on Friday, hitting €121.10. 694,147 shares of the stock were exchanged. The stock’s 50-day moving average price is €120.54 and its 200 day moving average price is €118.00. The stock has a market cap of €21.78 billion and a P/E ratio of 12.62. Cie Gnrl des Etblsmnts Michelin SCA has a one year low of €92.11 and a one year high of €125.70.

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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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