Cie Gnrl des Etblsmnts Michelin SCA (ML) PT Set at €126.00 by Goldman Sachs Group

Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) has been assigned a €126.00 ($146.51) price objective by research analysts at Goldman Sachs Group in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective indicates a potential downside of 0.51% from the company’s current price.

Other analysts also recently issued research reports about the stock. UBS Group set a €117.00 ($136.05) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Monday, July 9th. Deutsche Bank set a €150.00 ($174.42) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Tuesday, June 19th. Jefferies Financial Group set a €125.00 ($145.35) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Thursday, July 19th. Kepler Capital Markets set a €145.00 ($168.60) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, HSBC set a €130.00 ($151.16) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Tuesday, September 25th. 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. The stock has an average rating of “Hold” and a consensus price target of €126.93 ($147.60).

Cie Gnrl des Etblsmnts Michelin SCA stock opened at €126.65 ($147.27) on Wednesday. Cie Gnrl des Etblsmnts Michelin SCA has a fifty-two week low of €106.95 ($124.36) and a fifty-two week 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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