Michelin analyst consensus in focus, shares tracked against European tire peers
Published on 06/23/2026 at 08:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 08:20.
Michelin (FR0000120321) starts the week with a stable analyst backdrop in the Euro Stoxx universe. The French tire maker, listed in the CAC 40 in Paris, remains a core reference point for European auto suppliers according to current consensus data.
What analysts currently say
On MarketScreener, Michelin shows a consensus rating equivalent to Buy, with an average target price around 33 to 34 euros based on recent updates from houses including Bernstein and Deutsche Bank. The MarketScreener consensus page for Michelin summarizes the distribution of recommendations and price targets.
Among European peers Pirelli and Continental, Michelin is often cited by analysts as a benchmark for pricing power and mix in the replacement tire market, which remains a key profit driver in a volatile original equipment environment. A Reuters overview on European tire makers highlights the importance of replacement demand and disciplined capacity management.
Consensus metrics and sector context
For investors on Euronext Paris and German trading venues such as Tradegate, the consensus target around the low-30-euro area implies modest upside from recent spot levels in the low-30s per share, according to data collated by financial portals tracking the CAC 40 constituents. Finanzen100 quotes for the Michelin shares show the stock trading in the lower 30-euro band in recent sessions.
Analysts point out that Michelin’s positioning across premium passenger car tires, truck tires and specialty segments provides diversification against cyclical swings in European car production volumes, while still tying the investment case closely to global mobility and freight trends. A Bloomberg sector comment on tire makers underscores the role of product mix and price discipline in supporting margins.
Background and data on the Michelin shares
All news, consensus updates and historical price data on Compagnie Générale des Établissements Michelin can be found bundled in the ad-hoc-news topic overview and in the group’s investor relations section.
The business behind the stock
Michelin generates most of its revenue from manufacturing and selling tires for passenger cars, trucks, agricultural machinery, aircraft and specialty vehicles, with a significant share coming from replacement markets and premium segments rather than only original equipment deliveries.
Where the stock trades today
The Michelin shares (FR0000120321) most recently traded on Euronext Paris in the low-30-euro range per share, with intra-day levels around 33 euros in recent sessions, according to quote data from European exchanges.
Key data on the Michelin shares
- Company: Compagnie Générale des Établissements Michelin SCA
- ISIN: FR0000120321
- WKN: A3DL84
- Ticker: ML
- Trading venue: Euronext Paris
- Price (as of 2026-06-23, 08:20): 33.00 EUR
- Market cap: 23.0 billion EUR (as of 2026-06-23)
- Sector / industry: Automobiles & Components / Tires
- Index membership: CAC 40, Euro Stoxx indices
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any financial instrument.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
