Michelin (OTCMKTS:MGDDY – Get Free Report) shares saw an uptick in trading volume on Monday . 219,214 shares changed hands during trading, an increase of 30% from the previous session’s volume of 168,201 shares.The stock last traded at $18.2350 and had previously closed at $18.42.
Analysts Set New Price Targets
MGDDY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Michelin in a research note on Tuesday, December 2nd. UBS Group lowered Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Oddo Bhf lowered Michelin to a “neutral” rating in a report on Tuesday, October 14th. Berenberg Bank assumed coverage on Michelin in a research note on Tuesday, January 13th. They set a “hold” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Report on MGDDY
Michelin Price Performance
About Michelin
Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.
The company’s core business is the design, manufacture and sale of tires and related products.
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