UBS Group set a €130.00 ($151.16) price target on Continental (ETR:CON) in a research note released on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other brokerages have also issued reports on CON. Deutsche Bank set a €180.00 ($209.30) target price on shares of Continental and gave the company a buy rating in a research report on Tuesday, January 29th. JPMorgan Chase & Co. set a €137.00 ($159.30) price target on shares of Continental and gave the stock a neutral rating in a research report on Friday, March 8th. Sanford C. Bernstein set a €210.00 ($244.19) price target on shares of Continental and gave the stock a buy rating in a research report on Wednesday, February 27th. Independent Research set a €144.00 ($167.44) price target on shares of Continental and gave the stock a neutral rating in a research report on Friday, March 8th. Finally, Nord/LB set a €130.00 ($151.16) price target on shares of Continental and gave the stock a neutral rating in a research report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €159.90 ($185.93).
CON stock traded down €0.70 ($0.81) during midday trading on Thursday, hitting €133.74 ($155.51). 811,054 shares of the stock traded hands, compared to its average volume of 476,379. Continental has a 1-year low of €118.30 ($137.56) and a 1-year high of €229.40 ($266.74). The firm has a market cap of $26.75 billion and a PE ratio of 9.23. The company has a debt-to-equity ratio of 25.13, a quick ratio of 0.74 and a current ratio of 1.07.
Continental Company Profile
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It 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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