Continental (ETR:CON) received a €140.00 ($162.79) price objective from equities researchers at Barclays in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Barclays‘s price target would indicate a potential upside of 21.51% from the company’s previous close.
CON has been the topic of several other research reports. Independent Research set a €152.00 ($176.74) price target on shares of Continental and gave the stock a “neutral” rating in a research note on Friday, May 10th. Hauck & Aufhaeuser set a €155.00 ($180.23) price target on shares of Continental and gave the stock a “neutral” rating in a research note on Friday, April 26th. UBS Group increased their target price on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Monday. Kepler Capital Markets reiterated a “hold” rating on shares of Continental in a report on Friday, June 28th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 620 ($8.10) target price on shares of in a report on Friday, June 21st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of €154.78 ($179.98).
CON stock traded down €3.00 ($3.49) during trading on Tuesday, hitting €115.22 ($133.98). The company had a trading volume of 1,571,320 shares, compared to its average volume of 476,379. The stock has a market cap of $23.04 billion and a price-to-earnings ratio of 8.42. Continental has a 52-week low of €118.30 ($137.56) and a 52-week high of €211.00 ($245.35). The firm has a 50 day moving average of €125.15. The company has a debt-to-equity ratio of 33.20, a current ratio of 1.03 and a quick ratio of 0.64.
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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