Continental (ETR:CON) has been given a €220.00 ($261.90) price objective by equities research analysts at Commerzbank in a report issued on Monday. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s target price suggests a potential downside of 10.93% from the company’s current price.
A number of other research firms also recently issued reports on CON. Sanford C. Bernstein set a €260.00 ($309.52) price target on Continental and gave the company a “neutral” rating in a research report on Monday. BNP Paribas set a €250.00 ($297.62) price target on Continental and gave the company a “neutral” rating in a research report on Friday. Warburg Research set a €285.00 ($339.29) price target on Continental and gave the company a “buy” rating in a research report on Tuesday, January 16th. Berenberg Bank set a €150.00 ($178.57) price target on Continental and gave the company a “sell” rating in a research report on Tuesday, January 16th. Finally, Citigroup set a €257.00 ($305.95) price target on Continental and gave the company a “buy” rating in a research report on Monday, January 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of €245.36 ($292.10).
Shares of Continental (ETR CON) opened at €247.00 ($294.05) on Monday. The company has a market capitalization of $50,020.00 and a price-to-earnings ratio of 16.42. Continental has a 1 year low of €180.70 ($215.12) and a 1 year high of €256.50 ($305.36).
ILLEGAL ACTIVITY WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/22/commerzbank-analysts-give-continental-con-a-220-00-price-target.html.
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. The company's Chassis & Safety segment offers electronic brake systems and software solutions, chassis electronics and air suspension systems, hydraulic brake systems, passive safety and sensorics, and driver assistance systems.
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.