JPMorgan Chase & Co. Reiterates “€140.00” Price Target for Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML)

Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML) received a €140.00 ($164.71) price objective from equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.19% from the stock’s previous close.

A number of other research firms also recently commented on ML. UBS Group set a €121.00 ($142.35) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “buy” rating in a research report on Tuesday, January 26th. Barclays set a €145.00 ($170.59) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “buy” rating in a research report on Friday, March 19th. Royal Bank of Canada set a €133.00 ($156.47) target price on Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “buy” rating in a research report on Monday, January 25th. The Goldman Sachs Group set a €124.00 ($145.88) price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “neutral” rating in a research note on Friday, January 8th. Finally, Deutsche Bank Aktiengesellschaft set a €125.00 ($147.06) price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions and gave the stock a “buy” rating in a research note on Monday, January 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Compagnie Générale des Établissements Michelin Société en commandite par actions presently has an average rating of “Buy” and a consensus price target of €131.33 ($154.51).

Shares of ML traded up €0.15 ($0.18) during trading hours on Thursday, hitting €129.40 ($152.24). The stock had a trading volume of 320,148 shares, compared to its average volume of 561,093. The stock has a fifty day moving average price of €124.16 and a 200 day moving average price of €108.67. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12 month low of €106.95 ($125.82) and a 12 month high of €130.85 ($153.94).

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It operates through three segments: Automotive and Related Distribution, Road Transportation and Related Distribution, and Specialty Businesses and Related Distribution. The company offers tires for cars, motorcycles, scooters, trucks, agricultural, and construction equipment, as well as bikes, freight transport, public transit, trucking, civil engineering, and aviation.

Recommended Story: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Compagnie Générale des Établissements Michelin Société en commandite par actions (EPA:ML)

Receive News & Ratings for Compagnie Générale des Établissements Michelin Société en commandite par actions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compagnie Générale des Établissements Michelin Société en commandite par actions and related companies with MarketBeat.com's FREE daily email newsletter.