Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY – Get Rating) had its price target cut by JPMorgan Chase & Co. from €175.00 ($188.17) to €150.00 ($161.29) in a research report sent to investors on Wednesday, The Fly reports. They currently have an overweight rating on the stock.
Separately, Zacks Investment Research downgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a buy rating to a hold rating in a research report on Friday, February 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $73.83.
OTCMKTS:MGDDY opened at $24.84 on Wednesday. Compagnie Générale des Établissements Michelin Société en commandite par actions has a twelve month low of $22.46 and a twelve month high of $35.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.09. The company’s 50 day moving average is $26.36 and its two-hundred day moving average is $30.12.
Compagnie Générale des Établissements 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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