Compagnie Générale des Établissements Michelin (MGDDF) Received its Third Buy in a Row

After Morgan Stanley and Kepler Capital gave Compagnie Générale des Établissements Michelin (Other OTC: MGDDF) a Buy rating last month, the company received another Buy, this time from UBS. Analyst David Lesne maintained a Buy rating on Compagnie Générale des Établissements Michelin yesterday and set a price target of EUR110.00. The company’s shares closed last Tuesday at $114.10.

Lesne has an average return of 0.2% when recommending Compagnie Générale des Établissements Michelin.

According to TipRanks.com, Lesne is ranked #1500 out of 6942 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Compagnie Générale des Établissements Michelin with a $126.60 average price target, which is a 11.0% upside from current levels. In a report issued on September 1, Kepler Capital also maintained a Buy rating on the stock with a EUR110.00 price target.

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The company has a one-year high of $124.84 and a one-year low of $71.55. Currently, Compagnie Générale des Établissements Michelin has an average volume of 402.

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Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses. Compagnie Générale des Établissements Michelin was founded by Aristide Barbier and Édouard Daubrée on July 15, 1863 and is headquartered in Clermont-Ferrand, France.