Brokerages Set Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Price Target at $33.17

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.17.

A number of research firms have recently commented on MGDDY. JPMorgan Chase & Co. dropped their price target on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €27.50 ($28.06) to €23.50 ($23.98) in a research report on Wednesday, August 24th. Royal Bank of Canada dropped their price target on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €44.00 ($44.90) to €36.00 ($36.73) in a research report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €170.00 ($173.47) to €40.00 ($40.82) and set a “buy” rating on the stock in a research report on Friday, July 8th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 1.4 %

Shares of MGDDY opened at $11.86 on Monday. Compagnie Générale des Établissements Michelin Société en commandite par actions has a twelve month low of $11.75 and a twelve month high of $22.23. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average price is $13.45 and its 200 day moving average price is $21.50.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft.

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