MICHELIN (CGDE) (MGDDY) Receives Average Rating of “Sell” from Analysts

MICHELIN (CGDE) (NASDAQ:MGDDY) has earned an average broker rating score of 4.00 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation. MICHELIN (CGDE)’s rating score has declined by 14.3% in the last three months as a result of a number of analysts’ ratings changes.

Zacks has also given MICHELIN (CGDE) an industry rank of 108 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of MICHELIN (CGDE) from a “buy” rating to a “sell” rating in a research note on Thursday, April 27th.

Shares of MICHELIN (NASDAQ MGDDY) traded down 1.70% during midday trading on Thursday, reaching $26.55. 8,626 shares of the company traded hands. The company has a 50 day moving average of $26.23 and a 200 day moving average of $23.67. MICHELIN has a 12 month low of $17.85 and a 12 month high of $27.28. The firm has a market capitalization of $23.90 billion and a P/E ratio of 13.14.

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