Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Receives Average Rating of “Hold” from Analysts

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $34.50.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €44.00 ($45.36) to €36.00 ($37.11) in a report on Thursday, July 28th. JPMorgan Chase & Co. decreased their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €110.00 ($113.40) to €27.50 ($28.35) in a report on Wednesday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €170.00 ($175.26) to €40.00 ($41.24) and set a “buy” rating for the company in a report on Friday, July 8th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Price Performance

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions stock opened at $13.88 on Thursday. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52 week low of $12.70 and a 52 week high of $22.23. The firm’s 50 day moving average is $17.93 and its two-hundred day moving average is $24.37. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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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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Analyst Recommendations for Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)

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