Michelin traded at 29.22 this Wednesday March 25th, increasing 0.32 or 1.09 percent since the previous trading session. Looking back, over the last four weeks, Michelin gained 14.48 percent. Over the last 12 months, its price fell by 9.10 percent. Looking ahead, we forecast Michelin to be priced at 27.70 by the end of this quarter and at 25.58 in one year, according to Trading Economics global macro models projections and analysts expectations.
Compagnie Generale des Etablissements Michelin SCA is a France-based mobility company. It operates through three segments: Automotive, Road Transportation and Specialty Businesses. Automotive, which comprises the business lines Automotive business to customers (B2C) Global Brands, Automotive B2C Regional Brands, Automotive Original Equipment and Mobility Experiences. Road Transportation comprises the business lines Long Distance Transportation, Urban Transportation and Services & Solutions. Specialty Businesses comprises the business lines Mining, Off-Highway Transportation, Two-Wheel, Aircraft and High-Tech Materials. The Company provides different kind of tires and related products and services through a dealership network. Its service offering includes truck driver assistance with Michelin Euro Assist, fleet tire advice, maintenance and management services and mobility assistance services, among others. Additionally, it provides branded lifestyle products and high-tech materials.