Continental (ETR:CON) has been assigned a €130.00 ($151.16) price objective by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 19.71% from the stock’s current price.
Other analysts have also issued reports about the company. Nord/LB set a €130.00 ($151.16) price target on Continental and gave the company a “neutral” rating in a report on Wednesday, August 7th. Warburg Research set a €175.00 ($203.49) target price on Continental and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Independent Research set a €130.00 ($151.16) target price on Continental and gave the stock a “neutral” rating in a report on Thursday, August 8th. Bank of America set a €140.00 ($162.79) target price on Continental and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Credit Suisse Group set a €148.00 ($172.09) target price on Continental and gave the stock a “neutral” rating in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of €146.50 ($170.35).
Shares of Continental stock traded down €3.32 ($3.86) during trading on Wednesday, reaching €108.60 ($126.28). The stock had a trading volume of 539,354 shares, compared to its average volume of 476,379. The company has a market cap of $21.72 billion and a P/E ratio of 7.94. The business’s fifty day simple moving average is €122.15. Continental has a 52 week low of €112.46 ($130.77) and a 52 week high of €190.05 ($220.99). The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 42.35.
Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis & Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.
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