ENXTAM:IMCDTrade Distributors
IMCD (ENXTAM:IMCD) Wins Michelin ResiCare Distribution Role, Is The Upside Already Priced In?
IMCD (ENXTAM:IMCD) is in focus after Michelin ResiCare selected its European arm to distribute bio-based 5 HMF across the region, ahead of planned commercial production and rising interest in renewable platform chemicals.
See our latest analysis for IMCD.
The Michelin ResiCare agreement comes as IMCD’s share price sits at €88.52, with a 1 month share price return of 10.37% but a 1 year total shareholder return that is down 19.26%. This suggests that recent momentum contrasts with weaker long...