Michelin (ML) Given a €125.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a €125.00 ($154.32) target price on Michelin (EPA:ML) in a report released on Friday, March 23rd. The firm currently has a neutral rating on the stock.

ML has been the subject of several other research reports. Deutsche Bank set a €130.00 ($160.49) price objective on shares of 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 shares of Michelin and gave the company a neutral rating in a research report on Friday, January 19th. JPMorgan Chase set a €145.00 ($179.01) price target on shares of Michelin and gave the company a buy rating in a research report on Friday, January 5th. Goldman Sachs set a €150.00 ($185.19) price target on shares of Michelin and gave the company a buy rating in a research report on Wednesday, January 31st. Finally, UBS set a €129.00 ($159.26) price objective on shares of Michelin and gave the stock a buy rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Michelin has a consensus rating of Hold and an average target price of €132.75 ($163.89).

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Shares of ML stock traded down €0.40 ($0.49) during trading on Friday, reaching €126.65 ($156.36). The company’s stock had a trading volume of 201,574 shares, compared to its average volume of 561,093. Michelin has a 1-year low of €106.95 ($132.04) and a 1-year high of €130.85 ($161.54).

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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.

Analyst Recommendations for Michelin (EPA:ML)

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