Continental (ETR:CON) PT Set at €119.00 by JPMorgan Chase & Co.

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Continental (ETR:CON) has been assigned a €119.00 ($138.37) price objective by equities researchers at JPMorgan Chase & Co. in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.24% from the company’s current price.

CON has been the subject of several other research reports. Berenberg Bank set a €140.00 ($162.79) target price on shares of Continental and gave the stock a “neutral” rating in a research note on Friday, June 21st. Independent Research set a €130.00 ($151.16) target price on shares of Continental and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Hauck & Aufhaeuser set a €130.00 ($151.16) target price on shares of Continental and gave the stock a “neutral” rating in a research note on Friday, August 9th. Pareto Securities set a €120.00 ($139.53) target price on shares of Continental and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, UBS Group set a €130.00 ($151.16) target price on shares of Continental and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of €141.22 ($164.21).

Shares of CON opened at €106.98 ($124.40) on Friday. Continental has a fifty-two week low of €103.62 ($120.49) and a fifty-two week high of €162.45 ($188.90). The company has a market capitalization of $21.40 billion and a price-to-earnings ratio of 8.92. The firm has a 50-day simple moving average of €118.20 and a 200-day simple moving average of €132.43. The company has a debt-to-equity ratio of 42.35, a quick ratio of 0.63 and a current ratio of 1.02.

About Continental

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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