Continental (CON) Given a €265.00 Price Target by Bank of America Analysts

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.

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About Continental

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.

Analyst Recommendations for Continental (ETR:CON)

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