You can locate the value of Michelin stocks on the French Euronext index. You can then follow the development of the action.
The Michelin group has become one of the world leaders in the design, manufacture, and marketing of tires, thanks to the fact that it has managed to bring together the renowned tire brands BFGoodrich, Uniroyal, Kleber, and the same Michelin; which has made Michelin stocks one of those requested today.
The activity of this group resides mainly in the distribution and sale of tires throughout the world, with two authorized distribution networks are TCI and Euromaster. To a lesser degree, it sells tires for the agricultural sector and civil engineering, and two-wheeled vehicles and airplanes, among other operations.
With 68 production locations located in different parts of the world, Michelin has been able to distribute its turnover in the central regions of the globe. So you can see operations of this excellent Corporation in the French market, which is its origin, in the rest of the European market, the North American market, and the rest of the world.
This has made the current Michelin stock one of the most attractive stocks on the stock market because it has positioned itself as one of the most important companies in the automotive sector in the world.
There are many reasons why you might consider buying Michelin stocks today, which you should know before investing. As one of the companies that cover the largest percentage of the world market, it is unlikely that it is not attractive on the stock market.
Currently, its participation in the tire market is around 19.4 percent, which is the highest in the market, Bridgestone has the same percentage of participation, and to a lesser extent, they are followed by Good Year with 16.6 percent, Continental with 7.1 percent, and Sumimoto with 4.9 percent, among others.
How is Michelin’s price on the stock market?
Michelin stocks are one of the most popular and one of the most monitored by institutional and private investors in France and most of the countries of the European Union. It is a highly volatile Michelin stock listing and is highly dependent on economic and stock cycles.
Proof of this is the spectacular drop in its price in the recession that occurred between 2007 and 2009, a situation that changed dramatically with the economic recovery, revaluing its price until 2020.
It is one of the most important stocks on the Paris Stock Exchange, even on Renault’s stock value. It belongs to the select CAC 40 group, which is the main French stock index. It is a company that has been in operation for more than 100 years, beginning its operations in 1889, manufacturing bicycle tires.
Today it is one of the leading manufacturers of vehicle tires in the world. Many people have seen his icon called Bibendum, one of the most famous corporate mascots in the world.
Like many other stocks, such as the Loreal stocks, Michelin has a very heterogeneous and not very concentrated shareholding. But the most interesting thing is that most of the investors who have Michelin stocks are institutional consortiums such as investment and pension funds.
This is a pattern of behavior that is very much seen in many of the stocks of this type in Europe, such as Total stocks since it is very rare today that they belong to a single owner.
Focused on its sales, Michelin is a company that is perfectly diversified, covering a third of the world market with its sales in the main regions worldwide, North America, Europe, and the rest of the world. This ensures that if there is a recession in some of the regions, it is maintained with sales in another of the regions.
Michelin dividends on the stock market
Looking at the historic Michelin stock and its dividends, it is not surprising that Michelin is one of the preferred companies among institutional investors worldwide. There is nothing more attractive than the Michelin value shares have a yield of 3 percent per year so that it is very easy to acquire these shares through a purchase.
Until now, that has been the behavior of Michelin stocks over the years; it has always been around 3 percent, and the Michelin stocks forecast that it will remain that way in the coming years.
Michelin stocks have a set of advantages for traders who want to study the behavior of Michelin stocks in real-time directly with CFDs. Michelin stocks forecast is that by 2021 these stocks will continue to rise in value, which will make them much more attractive.
Michelin stocks and other stocks
By making a comparison of Michelin stocks concerning other stocks that are listed on the stock market, it can be indicated that:
· Vinci stocks have a value of 89.38 EUR. It is € 36.67 below Michelin stocks, which today stands at € 126.05.
· Schneider Electric stocks are on par with Michelin’s, only slightly above the global rubber giant’s value.
· Bayer Investing stocks are well below Michelin stocks. These are € 52.43.
· Essilor Luxottica stocks are above those of Michelin. Its value as of today is € 141.30, € 15.25 more than that of the French tire manufacturer.