Michelin stock: UBS keeps EUR 35.00 target for Michelin stock. Target sits 6.19 percent above price
Published on 10/19/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting date
- UBS kept its EUR 35.00 Michelin target on October 9, 2026.
- Michelin is scheduled to report third-quarter and nine-month revenue on October 20, 2026.
- Michelin stock costs EUR 32.96 at Lang & Schwarz on October 19, 2026 at 5:00 p.m. CEST, 1.55 percent below the Tradegate close of October 16, 2026.
- Michelin had a price-to-earnings ratio of 14.52 and a market capitalization of EUR 22.3 billion as of October 19, 2026.
UBS kept its Neutral rating and EUR 35.00 price target for Michelin on October 9, 2026. The target stood 6.19 percent above the Lang & Schwarz price of EUR 32.96, based on the target and the euro quotation. aktiencheck.de reported that UBS cited pressure from Chinese competition and reduced estimates for parts of the European auto industry.
At Lang & Schwarz, Michelin stock was trading at EUR 32.96 on October 19, 2026 at 5:00 p.m. CEST, down 1.55 percent versus the Tradegate close of October 16, 2026 at EUR 33.48.
Revenue date arrives October 20
Michelin's next scheduled financial event is its third-quarter and nine-month revenue update on October 20, 2026, according to the company's investor calendar. Michelin lists the event as a revenue conference rather than a full earnings release.
Price stays below the yearly high
The euro quotation was 7.73 percent below its 52-week high of EUR 35.72 and 22.53 percent above its 52-week low of EUR 26.90 on October 19, 2026. The same market reading showed a bid of EUR 32.95 and an ask of EUR 32.96. Michelin's 637,875-share volume was below its 1,490,545-share average volume at the quoted session time.
Valuation and trading peers
Michelin's market capitalization was EUR 22.3 billion, its price-to-earnings ratio was 14.52 and its trailing dividend yield was 0.04 percent as of October 19, 2026. The figures place valuation alongside the upcoming revenue date, while UBS's EUR 35.00 target provides the clearest dated analyst reference.
Comparison with peers
Michelin: minus 1.55 percent, P/E 14.52, market capitalization EUR 22.3 billion
Continental (Xetra, EUR): minus 2.74 percent, P/E minus 51.37, market capitalization EUR 13.6 billion
Pirelli (Euronext Milan, EUR): minus 1.78 percent, P/E 13.24, market capitalization EUR 7.2 billion
Trading level and next date
Michelin's quotation remained below its yearly high as the October 20 revenue update approached. The target distance and the scheduled report give investors two concrete levels for assessing the next market reaction.
The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: MCHA
- Price Lang & Schwarz (as of October 19, 2026, 5:00 p.m. CEST): EUR 32.96
- Change versus Tradegate close: minus 1.55 percent
- Tradegate close (October 16, 2026): EUR 33.48
- Market capitalization: EUR 22.3 billion (as of October 19, 2026)
- 52-week range: EUR 26.90-35.72 (as of October 19, 2026)
- Sector / Industry: Consumer Cyclical / Auto - Parts
- Next earnings date: October 20, 2026
Market context: Market report Euro Stoxx 50.
