Deutsche Bank set a €180.00 ($209.30) price objective on Continental (ETR:CON) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the stock. Hauck & Aufhaeuser set a €155.00 ($180.23) price objective on shares of Continental and gave the company a neutral rating in a report on Friday, April 26th. Independent Research set a €152.00 ($176.74) price objective on shares of Continental and gave the company a neutral rating in a report on Friday, May 10th. Nord/LB set a €29.30 ($34.07) price objective on shares of Aareal Bank and gave the company a neutral rating in a report on Thursday, May 9th. Jefferies Financial Group reissued a buy rating and set a GBX 3,000 ($39.20) price objective on shares of in a report on Monday, June 3rd. Finally, Berenberg Bank reissued a buy rating and set a GBX 620 ($8.10) price objective on shares of in a report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €154.78 ($179.98).
CON opened at €117.80 ($136.98) on Wednesday. The company has a debt-to-equity ratio of 33.20, a current ratio of 1.03 and a quick ratio of 0.64. The firm’s 50 day moving average is €124.81. Continental has a twelve month low of €118.30 ($137.56) and a twelve month high of €211.00 ($245.35). The stock has a market capitalization of $23.56 billion and a PE ratio of 8.61.
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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