Compagnie Générale des Établissements Michelin (MGDDF) Received its Third Buy in a Row

By Ryan Adsit

After UBS and Kepler Capital gave Compagnie Générale des Établissements Michelin (Other OTC: MGDDF) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Gungun Verma maintained a Buy rating on Compagnie Générale des Établissements Michelin today and set a price target of EUR127.00. The company’s shares closed last Monday at $111.50.

According to TipRanks.com, Verma is ranked #5136 out of 5551 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Compagnie Générale des Établissements Michelin with a $137.68 average price target, a 23.5% upside from current levels. In a report issued on September 17, UBS also maintained a Buy rating on the stock with a EUR124.00 price target.

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The company has a one-year high of $133.65 and a one-year low of $95.65. Currently, Compagnie Générale des Établissements Michelin has an average volume of 610.

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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.