UBS Group Reiterates “€130.00” Price Target for Continental (ETR:CON)
UBS Group set a €130.00 ($151.16) target price on Continental (ETR:CON) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
CON has been the subject of a number of other research reports. Warburg Research set a €175.00 ($203.49) price target on Continental and gave the stock a buy rating in a research report on Monday, September 9th. HSBC set a €130.00 ($151.16) price objective on Continental and gave the company a neutral rating in a report on Thursday, August 15th. Commerzbank set a €135.00 ($156.98) price objective on Continental and gave the company a neutral rating in a report on Tuesday, September 3rd. Goldman Sachs Group set a €118.00 ($137.21) price objective on Continental and gave the company a neutral rating in a report on Tuesday. Finally, Deutsche Bank set a €120.00 ($139.53) price objective on Continental and gave the company a neutral rating in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of €133.59 ($155.34).
ETR:CON traded down €0.90 ($1.05) during trading hours on Tuesday, reaching €123.30 ($143.37). 629,430 shares of the stock were exchanged, compared to its average volume of 476,379. Continental has a twelve month low of €103.62 ($120.49) and a twelve month high of €157.40 ($183.02). The company has a debt-to-equity ratio of 42.35, a current ratio of 1.02 and a quick ratio of 0.63. The firm has a 50 day moving average of €120.37 and a 200 day moving average of €122.63. The stock 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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