MICHELIN COMPAG/ADR (OTCMKTS:MGDDY) Given Average Rating of “Hold” by Brokerages

Shares of MICHELIN COMPAG/ADR (OTCMKTS:MGDDY) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.00.

A number of equities analysts have commented on MGDDY shares. Barclays downgraded shares of MICHELIN COMPAG/ADR from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 8th. Zacks Investment Research raised shares of MICHELIN COMPAG/ADR from a “sell” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday. Citigroup lowered shares of MICHELIN COMPAG/ADR from a “buy” rating to a “neutral” rating in a research note on Thursday, August 29th. Finally, HSBC lowered shares of MICHELIN COMPAG/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

OTCMKTS:MGDDY traded up $0.37 during midday trading on Tuesday, reaching $24.00. The stock had a trading volume of 27,520 shares, compared to its average volume of 25,213. The stock has a market cap of $21.25 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.77 and a beta of 1.04. The firm has a fifty day simple moving average of $24.31 and a two-hundred day simple moving average of $23.23. MICHELIN COMPAG/ADR has a 12-month low of $18.81 and a 12-month high of $26.71.

About MICHELIN COMPAG/ADR

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.

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Analyst Recommendations for MICHELIN COMPAG/ADR (OTCMKTS:MGDDY)

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