JPMorgan Chase & Co. Lowers Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Price Target to €27.50

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY – Get Rating) had its target price reduced by research analysts at JPMorgan Chase & Co. from €110.00 ($115.79) to €27.50 ($28.95) in a note issued to investors on Wednesday, The Fly reports.

Shares of OTCMKTS MGDDY opened at $13.67 on Wednesday. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1 year low of $13.47 and a 1 year high of $22.23. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is $24.45 and its 200 day moving average is $28.24.

About Compagnie Générale des Établissements Michelin Société en commandite par actions (Get Rating)

Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft.

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