UBS Maintains a Buy Rating on Compagnie Générale des Établissements Michelin (MGDDF)

By Jason Carr

UBS analyst Patrick Hummel 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 on Thursday at $127.85.

According to TipRanks.com, Hummel is a 1-star analyst with an average return of -2.7% and a 45.5% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Continental Aktiengesellschaft, and Fiat Chrysler Automobiles.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Compagnie Générale des Établissements Michelin with a $136.61 average price target, representing a 6.9% upside. 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 $22.99B and has a P/E ratio of 11.65. The company has a Price to Book ratio of 1.66.

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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.