UBS set a €135.00 ($166.67) price objective on Michelin (EPA:ML) in a research report sent to investors on Monday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the company. Deutsche Bank set a €130.00 ($160.49) price target on Michelin and gave the company a buy rating in a research note on Friday, January 5th. Goldman Sachs set a €148.00 ($182.72) price target on Michelin and gave the company a buy rating in a research note on Wednesday, February 21st. Societe Generale set a €130.00 ($160.49) price target on Michelin and gave the company a neutral rating in a research note on Wednesday, February 14th. Berenberg Bank set a €109.00 ($134.57) price target on Michelin and gave the company a sell rating in a research note on Wednesday, February 14th. Finally, Bank of America set a €140.00 ($172.84) price target on Michelin and gave the company a buy rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €132.50 ($163.58).
ML stock opened at €126.65 ($156.36) on Monday. Michelin has a twelve month low of €106.95 ($132.04) and a twelve month high of €130.85 ($161.54).
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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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