Independent Research set a €130.00 ($151.16) price objective on Continental (ETR:CON) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts have also issued reports on CON. Goldman Sachs Group set a €118.00 ($137.21) target price on shares of Continental and gave the stock a neutral rating in a research note on Tuesday. Bank of America set a €124.00 ($144.19) price target on shares of Continental and gave the company a neutral rating in a research note on Tuesday, October 15th. Kepler Capital Markets set a €130.00 ($151.16) price target on shares of Continental and gave the company a neutral rating in a research note on Thursday, September 26th. Nord/LB set a €135.00 ($156.98) price target on shares of Continental and gave the company a neutral rating in a research note on Tuesday. Finally, Hauck & Aufhaeuser set a €117.00 ($136.05) price target on shares of Continental and gave the company a neutral rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of €133.59 ($155.34).
Shares of CON stock traded down €0.90 ($1.05) during mid-day trading on Wednesday, hitting €123.30 ($143.37). 629,430 shares of the stock were exchanged, compared to its average volume of 476,379. The firm has a fifty day moving average of €120.37 and a 200 day moving average of €122.63. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 42.35. Continental has a 52-week low of €103.62 ($120.49) and a 52-week high of €157.40 ($183.02). The company has a market cap of $24.66 billion and a PE ratio of 10.29.
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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