Continental AG (ETR:CON) Receives €132.91 Average PT from Brokerages

Shares of Continental AG (ETR:CON) have earned a consensus rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is €132.91 ($154.55).

Several research firms have recently commented on CON. Bank of America set a €124.00 ($144.19) target price on shares of Continental and gave the stock a “neutral” rating in a report on Tuesday, October 15th. Warburg Research set a €175.00 ($203.49) target price on shares of Continental and gave the stock a “buy” rating in a report on Monday, November 25th. Nord/LB set a €135.00 ($156.98) target price on shares of Continental and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Barclays set a €115.00 ($133.72) target price on shares of Continental and gave the stock a “sell” rating in a report on Wednesday, November 13th. Finally, Goldman Sachs Group set a €118.00 ($137.21) target price on shares of Continental and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

Shares of CON stock traded up €1.14 ($1.33) during mid-day trading on Tuesday, hitting €117.38 ($136.49). The company had a trading volume of 636,712 shares, compared to its average volume of 476,379. Continental has a 52-week low of €103.62 ($120.49) and a 52-week high of €157.40 ($183.02). The stock’s 50 day moving average price is €122.74 and its 200-day moving average price is €120.51. The company has a debt-to-equity ratio of 47.97, a current ratio of 1.05 and a quick ratio of 0.66. The company has a market capitalization of $23.48 billion and a P/E ratio of -109.29.

Continental Company Profile

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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Analyst Recommendations for Continental (ETR:CON)

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