Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €110.00 Price Target by Morgan Stanley Analysts

Cie Gnrl des Etblsmnts Michelin SCA (ML) Given a €110.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a €110.00 ($118.28) target price on Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) in a report issued on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other research firms also recently issued reports on ML. Societe Generale set a €110.00 ($118.28) price target on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a neutral rating in a research note on Thursday, January 5th. Deutsche Bank AG reaffirmed a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Wednesday, December 7th. Bank of America Corp set a €115.00 ($123.66) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a neutral rating in a research note on Tuesday, December 20th. Jefferies Group LLC set a €97.00 ($104.30) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a sell rating in a research note on Thursday, January 19th. Finally, BNP Paribas set a €108.00 ($116.13) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a neutral rating in a research note on Monday, January 9th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Cie Gnrl des Etblsmnts Michelin SCA currently has a consensus rating of Hold and a consensus price target of €103.43 ($111.22).

Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) traded up 0.05% during midday trading on Thursday, reaching €101.70. 376,886 shares of the company’s stock traded hands. Cie Gnrl des Etblsmnts Michelin SCA has a 12 month low of €77.71 and a 12 month high of €107.90. The stock has a 50 day moving average of €104.72 and a 200-day moving average of €98.04. The stock has a market cap of €18.36 billion and a P/E ratio of 15.38.

Cie Gnrl des Etblsmnts Michelin SCA Company Profile

Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles. In addition, it publishes maps and guides, and offers digital products and services. The Company’s main activity is the production of tires for passenger cars, two-wheeled vehicles, trucks, agricultural equipment and aircraft, among others, which are sold through such distribution divisions as Euromaster in Europe and TCI in the United States.

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