Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Earns Buy Rating from UBS Group

UBS Group reiterated their buy rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) in a research note issued to investors on Monday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a sell rating to a buy rating and set a $33.00 price target for the company in a report on Friday, April 30th. Morgan Stanley reiterated an overweight rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a report on Friday, April 9th. Barclays upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from an equal weight rating to an overweight rating in a report on Friday, March 19th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions in a report on Tuesday, April 27th. Finally, Stifel Nicolaus cut shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a buy rating to a hold rating in a research report on Friday, April 9th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $33.00.

Shares of OTCMKTS MGDDY opened at $31.75 on Monday. The stock has a market capitalization of $28.31 billion, a P/E ratio of 39.69 and a beta of 1.10. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12 month low of $19.55 and a 12 month high of $32.44. The company has a current ratio of 1.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $30.25.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.

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