UBS Group Set “€117.00” Target Price for Cie Gnrl des Etblsmnts Michelin SCA (ML)

UBS Group Set “€117.00” Target Price for Cie Gnrl des Etblsmnts Michelin SCA (ML)

Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) received a €117.00 ($136.05) target price from research analysts at UBS Group in a research note issued to investors on Tuesday, September 25th, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential downside of 7.62% from the stock’s current price.

Several other research firms have also commented on ML. Deutsche Bank set a €150.00 ($174.42) price target on Cie Gnrl des Etblsmnts Michelin SCA and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Goldman Sachs Group set a €143.00 ($166.28) target price on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a research report on Monday, July 23rd. Jefferies Financial Group set a €125.00 ($145.35) target price on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a research report on Thursday, July 19th. HSBC set a €125.00 ($145.35) target price on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a research report on Tuesday, July 17th. Finally, Morgan Stanley set a €129.00 ($150.00) target price on Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “neutral” rating in a research report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €128.19 ($149.06).

ML opened at €126.65 ($147.27) on Tuesday. Cie Gnrl des Etblsmnts Michelin SCA has a 12 month low of €106.95 ($124.36) and a 12 month 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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