Continental (ETR:CON) Given a €130.00 Price Target at Jefferies Financial Group
Jefferies Financial Group set a €130.00 ($151.16) price objective on Continental (ETR:CON) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Deutsche Bank set a €140.00 ($162.79) price objective on shares of Continental and gave the company a buy rating in a report on Wednesday, July 24th. Berenberg Bank set a €140.00 ($162.79) price objective on shares of Continental and gave the company a neutral rating in a report on Friday, June 21st. Barclays set a €130.00 ($151.16) price objective on shares of Continental and gave the company a neutral rating in a report on Thursday, August 8th. Warburg Research set a €175.00 ($203.49) price objective on shares of Continental and gave the company a buy rating in a report on Tuesday, July 23rd. Finally, Credit Suisse Group set a €148.00 ($172.09) price objective on shares of Continental and gave the company a neutral rating in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of €146.50 ($170.35).
CON traded down €3.22 ($3.74) during trading on Wednesday, reaching €104.78 ($121.84). 599,495 shares of the company traded hands, compared to its average volume of 476,379. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 42.35. Continental has a 12-month low of €112.46 ($130.77) and a 12-month high of €190.05 ($220.99). The business’s fifty day simple moving average is €121.79. The stock has a market capitalization of $20.96 billion and a P/E ratio of 7.66.
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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