Continental (ETR:CON) has been given a €123.00 ($143.02) target price by equities researchers at Independent Research in a research report issued on Thursday, September 26th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 6.66% from the company’s previous close.
CON has been the subject of a number of other research reports. Oddo Bhf set a €130.00 ($151.16) price target on Continental and gave the stock a “neutral” rating in a research report on Monday, July 1st. Jefferies Financial Group set a €130.00 ($151.16) price objective on Continental and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Pareto Securities set a €120.00 ($139.53) price objective on Continental and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Hauck & Aufhaeuser set a €130.00 ($151.16) price objective on Continental and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, UBS Group set a €130.00 ($151.16) price objective on Continental and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company’s stock. Continental presently has an average rating of “Hold” and a consensus target price of €137.10 ($159.42).
ETR:CON traded up €2.48 ($2.88) during trading hours on Thursday, reaching €115.32 ($134.09). 667,962 shares of the stock were exchanged, compared to its average volume of 476,379. Continental has a twelve month low of €103.62 ($120.49) and a twelve month high of €157.40 ($183.02). The company has a debt-to-equity ratio of 42.35, a current ratio of 1.02 and a quick ratio of 0.63. The firm has a 50 day moving average of €115.67 and a 200 day moving average of €126.65. The stock has a market cap of $23.06 billion and a PE ratio of 9.62.
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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