Continental (ETR:CON) has been assigned a €265.00 ($315.48) price target by stock analysts at Bank of America in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Bank of America’s target price points to a potential upside of 7.55% from the stock’s current price.
A number of other brokerages have also recently commented on CON. Barclays set a €221.00 ($263.10) target price on Continental and gave the company a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley set a €220.00 ($261.90) target price on Continental and gave the company a “neutral” rating in a report on Wednesday, January 10th. Sanford C. Bernstein set a €260.00 ($309.52) price target on Continental and gave the company a “neutral” rating in a report on Monday, January 22nd. BNP Paribas set a €250.00 ($297.62) price target on Continental and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, Commerzbank set a €220.00 ($261.90) price target on Continental and gave the company a “neutral” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of €248.18 ($295.45).
Shares of Continental (ETR:CON) traded up €2.50 ($2.98) during trading on Friday, hitting €246.40 ($293.33). The company’s stock had a trading volume of 312,261 shares, compared to its average volume of 433,129. Continental has a fifty-two week low of €180.70 ($215.12) and a fifty-two week high of €256.50 ($305.36). The firm has a market capitalization of $49,280.00 and a PE ratio of 16.38.
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.
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