Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDY) Stock Forecast & Price Target

$19.75

+0.20 (+1.02%)

(As of 07/26/2024 ET)

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Compagnie Générale des Établissements Michelin Société en commandite par actions - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Compagnie Générale des Établissements Michelin Société en commandite par actions in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a hold rating for MGDDY.

Consensus Price Target

N/A

According to the 3 analysts' twelve-month price targets for Compagnie Générale des Établissements Michelin Société en commandite par actions,

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Reduce	Reduce	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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MGDDY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MGDDY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock vs. The Competition

Type	Compagnie Générale des Établissements Michelin Société en commandite par actions	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	1.67	2.47	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside		347.85% Upside	9.13% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
7/25/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Underperform ➝ Hold
11/29/2023	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Underweight ➝ Neutral
11/24/2023	Barclays 2 of 5 stars		Downgrade	Equal Weight ➝ Underweight
2/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
2/15/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/20/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
11/18/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Giulio Pescatore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	€25.00
10/10/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		€36.00 ➝ €34.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:50 AM ET.

MGDDY Forecast - Frequently Asked Questions

Should I buy or sell Compagnie Générale des Établissements Michelin Société en commandite par actions stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Compagnie Générale des Établissements Michelin Société en commandite par actions in the last twelve months. There is currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" MGDDY shares.
Has Compagnie Générale des Établissements Michelin Société en commandite par actions been upgraded by Wall Street analysts recently?: Over the previous 90 days, Compagnie Générale des Établissements Michelin Société en commandite par actions's stock had 1 upgrade by analysts.
What analysts cover Compagnie Générale des Établissements Michelin Société en commandite par actions?: Compagnie Générale des Établissements Michelin Société en commandite par actions has been rated by research analysts at Jefferies Financial Group in the past 90 days.
Do Wall Street analysts like Compagnie Générale des Établissements Michelin Société en commandite par actions more than its competitors?: Analysts like Compagnie Générale des Établissements Michelin Société en commandite par actions less than other "auto/tires/trucks" companies. The consensus rating for Compagnie Générale des Établissements Michelin Société en commandite par actions is Reduce while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how MGDDY compares to other companies.