Royal Bank of Canada Analysts Give Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) a €174.00 Price Target

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:MLGet Rating) has been assigned a €174.00 ($187.10) price objective by analysts at Royal Bank of Canada in a report released on Wednesday, Borsen Zeitung reports. Royal Bank of Canada’s target price indicates a potential upside of 43.33% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Barclays set a €150.00 ($161.29) price target on Compagnie Générale des Établissements Michelin Société en commandite par actions in a report on Tuesday, March 22nd. Deutsche Bank Rese… set a €170.00 ($182.80) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Thursday, March 31st. UBS Group set a €170.00 ($182.80) price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a €170.00 ($182.80) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions in a research note on Tuesday, February 15th. Finally, JPMorgan Chase & Co. set a €175.00 ($188.17) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions in a report on Thursday, April 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of €164.11 ($176.46).

ML traded up €2.20 ($2.37) on Wednesday, hitting €121.40 ($130.54). 408,065 shares of the company traded hands, compared to its average volume of 561,093. The company has a 50 day moving average of €123.73 and a 200-day moving average of €134.67. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12-month low of €106.95 ($115.00) and a 12-month high of €130.85 ($140.70).

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile (Get Rating)

Compagnie Générale des Ãtablissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft.

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