Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Receives $34.25 Consensus Price Target from Brokerages

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) have earned an average recommendation of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $34.25.

A number of analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Thursday, July 29th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Tuesday, July 27th. HSBC reissued a “buy” rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft set a $32.50 price target on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “buy” rating in a research report on Monday, July 12th. Finally, Barclays reissued an “overweight” rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Monday, August 2nd.

OTCMKTS:MGDDY traded down $0.89 during trading hours on Monday, hitting $31.10. The stock had a trading volume of 90,870 shares, compared to its average volume of 81,010. The company has a quick ratio of 1.28, a current ratio of 1.83 and a debt-to-equity ratio of 0.06. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1-year low of $20.92 and a 1-year high of $34.23. The business has a 50 day simple moving average of $32.63 and a two-hundred day simple moving average of $31.27.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.

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Analyst Recommendations for Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)

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