J.P. Morgan Sticks to Their Hold Rating for Compagnie Générale des Établissements Michelin (MGDDF)

By Jason Carr

J.P. Morgan analyst Jose Asumendi maintained a Hold rating on Compagnie Générale des Établissements Michelin (MGDDFResearch Report) today and set a price target of EUR110.00. The company’s shares closed last Monday at $108.00.

According to TipRanks.com, Asumendi is a 2-star analyst with an average return of 0.3% and a 65.0% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Continental Aktiengesellschaft, and Daimler.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Compagnie Générale des Établissements Michelin with a $137.16 average price target.

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Compagnie Générale des Établissements Michelin’s market cap is currently $19.91B and has a P/E ratio of 10.66. The company has a Price to Book ratio of 1.39.

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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.