Continental (ETR:CON) has been assigned a €123.00 ($143.02) target price by stock analysts at Bank of America in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 14.97% from the stock’s previous close.
CON has been the subject of several other research reports. Goldman Sachs Group set a €118.00 ($137.21) price target on shares of Continental and gave the company a “neutral” rating in a research report on Monday, August 19th. Oddo Bhf set a €130.00 ($151.16) price target on shares of Continental and gave the company a “neutral” rating in a research report on Monday, July 1st. Hauck & Aufhaeuser set a €130.00 ($151.16) price target on shares of Continental and gave the company a “neutral” rating in a research report on Friday, August 9th. Sanford C. Bernstein set a €180.00 ($209.30) price target on shares of Continental and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. set a €119.00 ($138.37) price objective on shares of Continental and gave the company a “sell” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the stock. Continental has a consensus rating of “Hold” and a consensus target price of €141.22 ($164.21).
Shares of ETR:CON opened at €106.98 ($124.40) on Friday. The company has a debt-to-equity ratio of 42.35, a quick ratio of 0.63 and a current ratio of 1.02. The company has a market cap of $21.40 billion and a PE ratio of 8.92. Continental has a 52 week low of €103.62 ($120.49) and a 52 week high of €162.45 ($188.90). The firm has a 50 day simple moving average of €118.20 and a 200 day simple moving average of €132.43.
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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