Compagnie Générale des Établissements Michelin (MGDDF) Receives a Buy from UBS

By Jason Carr

UBS analyst David Lesne maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDFResearch Report) today and set a price target of $124. The company’s shares closed yesterday at $127.40.

Lesne has an average return of 3.9% when recommending Compagnie Générale des Établissements Michelin.

According to TipRanks.com, Lesne is ranked #2810 out of 5196 analysts.

Compagnie Générale des Établissements Michelin has an analyst consensus of Strong Buy, with a price target consensus of $138.22, an 8.5% upside from current levels. In a report issued on April 11, Deutsche Bank also maintained a Buy rating on the stock with a $135 price target.

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Compagnie Générale des Établissements Michelin’s market cap is currently $22.91B and has a P/E ratio of 11.61. The company has a Price to Book ratio of 1.65.

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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.