Continental AG (CON) Receives €159.68 Average PT from Brokerages
Shares of Continental AG (ETR:CON) have been assigned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is €159.50 ($185.47).
A number of analysts have recently weighed in on CON shares. Deutsche Bank set a €180.00 ($209.30) price target on shares of Continental and gave the stock a “buy” rating in a research note on Monday, May 13th. Credit Suisse Group set a €148.00 ($172.09) target price on shares of Continental and gave the stock a “neutral” rating in a report on Monday. UBS Group set a €130.00 ($151.16) target price on shares of Continental and gave the stock a “neutral” rating in a report on Monday, April 22nd. Berenberg Bank set a €140.00 ($162.79) target price on shares of Continental and gave the stock a “neutral” rating in a report on Monday, February 18th. Finally, Morgan Stanley set a €171.00 ($198.84) target price on shares of Continental and gave the stock a “buy” rating in a report on Friday, April 5th.
Shares of ETR:CON traded up €0.36 ($0.42) during trading on Friday, reaching €123.70 ($143.84). The company had a trading volume of 486,536 shares, compared to its average volume of 476,379. The firm has a market cap of $24.74 billion and a P/E ratio of 9.04. Continental has a twelve month low of €118.30 ($137.56) and a twelve month high of €227.50 ($264.53). The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 33.20.
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.
Further Reading: How does a margin account work?
Receive News & Ratings for Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental and related companies with MarketBeat.com's FREE daily email newsletter.