Michelin (ML) Given a €151.00 Price Target by Citigroup Analysts
Michelin (EPA:ML) has been assigned a €151.00 ($186.42) price target by equities researchers at Citigroup in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.23% from the company’s current price.
ML has been the topic of a number of other research reports. UBS set a €129.00 ($159.26) price target on Michelin and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley set a €130.00 ($160.49) price target on Michelin and gave the stock a “buy” rating in a research report on Friday, January 5th. BNP Paribas set a €138.00 ($170.37) price target on Michelin and gave the stock a “neutral” rating in a research report on Friday, January 19th. Goldman Sachs set a €150.00 ($185.19) price target on Michelin and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank set a €150.00 ($185.19) price target on Michelin and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €133.13 ($164.35).
Shares of Michelin (EPA:ML) opened at €126.65 ($156.36) on Tuesday. The stock has a market capitalization of $22,740.00 and a P/E ratio of 13.56. Michelin has a 12-month low of €106.95 ($132.04) and a 12-month high of €130.85 ($161.54).
Michelin Company Profile
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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