Compagnie Générale des Établissements Michelin Société en commandite par action (OTCMKTS: MGDDY) Upgrade from Zacks Investment Research to Buy

Compagnie Générale des tablissements Michelin Société en commandite par action (OTCMKTS: MGDDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reported. The brokerage currently has a price target of $ 39.00 on the stock. Zacks Investment ResearchThe company’s price target indicates a potential upside of 12.10% compared to the company’s current price.

According to Zacks, the Compagnie Generale des Etablissements Michelin produces and sells tires for all types of vehicles, publishes maps and travel guides and operates a range of digital services. It produces and sells tires for cars, two-wheelers, trucks, construction machinery, tractors and airplanes. It also sells various car and bicycle accessories such as pumps, pressure gauges, bicycle helmets, hubcaps, tire replacement components, and transportation accessories. The company’s other products include protective clothing, table tennis bats, shoe soles and much more. The Compagnie Generale des Etablissements Michelin is based in Clermont-Ferrand, France.

Other research analysts have also published reports on the company recently. Barclays downgraded the Compagnie Générale des tablissements Michelin Société en commandite par Actions from “overweight” to “evenly weighted” in a report dated Thursday, December 2nd. JPMorgan Chase & Co. reiterated in a report on Tuesday, October 26th, an “overweight” in the shares of Compagnie Générale des tablissements Michelin Société en commandite par Actions. Finally, in a report on Wednesday 29 September, Morgan Stanley reiterated an “overweight” in the shares of Compagnie Générale des tablissements Michelin Société en Commandite par Actions. Three analysts have given the stock a hold rating and seven with a buy rating. According to data from MarketBeat, Compagnie Générale des tablissements Michelin Société en commandite par Actions currently has an average rating of “Buy” and an average price target of $ 35.75.

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Compagnie Générale des Établissements Michelin Société en commandite par Actions shares rose $ 0.41 during Friday’s trading to hit $ 34.79. 95,333 company shares were exchanged compared to an average volume of 171,847. The company has a current metric of 1.76, a quick ratio of 1.15 and debt of 0.05. Compagnie Générale des tablissements Michelin Société en commandite par Actions has a 52-week low of $ 25.62 and a 52-week high of $ 34.87. The company has a 50-day moving average price of $ 31.52 and a 200-day moving average price of $ 31.85.

Compagnie Générale des Établissements Michelin Société en commandite par actions company profile

Compagnie Générale des Établissements Michelin SCA is engaged in the manufacture, distribution and sale of tires. Products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin technology and services. The company operates in the following segments: Car and Light Truck Tires and Associated Sales, Truck Tires and Associated Sales, and Specialty Shops.

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Analyst recommendations for Compagnie Générale des Établissements Michelin Société en commandite par action (OTCMKTS: MGDDY)

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