Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. set a €145.00 ($179.01) price target on Michelin and gave the company a buy rating in a report on Tuesday. Goldman Sachs set a €148.00 ($182.72) price target on Michelin and gave the company a buy rating in a report on Wednesday, February 21st. Societe Generale set a €130.00 ($160.49) price target on Michelin and gave the company a neutral rating in a report on Wednesday, February 14th. Berenberg Bank set a €109.00 ($134.57) price objective on shares of Michelin and gave the company a sell rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley set a €135.00 ($166.67) price objective on shares of Michelin and gave the company a buy rating in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €132.50 ($163.58).
Shares of Michelin (EPA ML) opened at €126.65 ($156.36) on Tuesday. Michelin has a twelve month low of €106.95 ($132.04) and a twelve month high of €130.85 ($161.54). The stock has a market capitalization of $22,740.00 and a price-to-earnings ratio of 13.56.
Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. The company operates through three segments: Passenger Car and Light Truck Tires and Related Distribution; Truck Tires and Related Distribution; and Specialty Businesses. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles.
Receive News & Ratings for Michelin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michelin and related companies with MarketBeat.com's FREE daily email newsletter.