Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €96.00 Price Target by Credit Suisse Group Analysts

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Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) received a €96.00 ($111.63) price target from equities researchers at Credit Suisse Group in a research note issued to investors on Wednesday, October 24th. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective points to a potential downside of 24.20% from the stock’s previous close.

ML has been the subject of several other research reports. Morgan Stanley set a €129.00 ($150.00) price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “neutral” rating in a research note on Tuesday, June 26th. HSBC set a €130.00 ($151.16) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Jefferies Financial Group set a €120.00 ($139.53) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Friday, October 12th. Goldman Sachs Group set a €143.00 ($166.28) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Kepler Capital Markets set a €145.00 ($168.60) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Cie Gnrl des Etblsmnts Michelin SCA currently has an average rating of “Hold” and an average price target of €119.82 ($139.33).

Shares of EPA:ML traded down €0.40 ($0.47) during midday trading on Wednesday, hitting €126.65 ($147.27). The stock had a trading volume of 201,574 shares, compared to its average volume of 561,093. Cie Gnrl des Etblsmnts Michelin SCA has a 1 year low of €106.95 ($124.36) and a 1 year high of €130.85 ($152.15).

About Cie Gnrl des Etblsmnts Michelin SCA

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. The company operates through three segments: Passenger Car and Light Truck Tires and Related Distribution; Truck Tires and Related Distribution; and Specialty Businesses. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles.

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Analyst Recommendations for Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML)

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