Berenberg Bank initiated coverage on shares of MICHELIN (CGDE) UNSP ADR EACH REPR 1/5 (NASDAQ:MGDDY) in a report released on Tuesday morning. The firm issued a sell rating on the stock.

MICHELIN (NASDAQ:MGDDY) traded down 0.82% on Tuesday, hitting $21.20. 4,325 shares of the stock traded hands. MICHELIN has a 12-month low of $16.88 and a 12-month high of $22.40. The stock has a 50-day moving average price of $21.27 and a 200 day moving average price of $20.69. The stock has a market cap of $19.13 billion and a P/E ratio of 14.71.

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