Goldman Sachs analyst George Galliers maintained a Hold rating on Compagnie Générale des Établissements Michelin (MGDDF – Research Report) today and set a price target of EUR127.00. The company’s shares closed last Friday at $149.25, close to its 52-week high of $152.99.
According to TipRanks.com, Galliers is a 3-star analyst with an average return of 7.0% and a 60.9% success rate. Galliers covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Daimler.
Currently, the analyst consensus on Compagnie Générale des Établissements Michelin is a Strong Buy with an average price target of $164.84, a 10.4% upside from current levels. In a report issued on April 9, Stifel Nicolaus also downgraded the stock to Hold with a EUR135.00 price target.
The company has a one-year high of $152.99 and a one-year low of $87.00. Currently, Compagnie Générale des Établissements Michelin has an average volume of 358.
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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.