Shares of Continental AG (ETR:CON) have been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is €181.15 ($210.64).
Several brokerages have commented on CON. Credit Suisse Group set a €205.00 ($238.37) target price on Continental and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Independent Research set a €210.00 ($244.19) target price on Continental and gave the company a “neutral” rating in a report on Friday, August 3rd. Kepler Capital Markets set a €240.00 ($279.07) price target on Continental and gave the stock a “buy” rating in a report on Friday, August 3rd. Warburg Research set a €265.00 ($308.14) price target on Continental and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Goldman Sachs Group set a €262.00 ($304.65) target price on Continental and gave the stock a “buy” rating in a research report on Friday, August 3rd.
Continental stock traded up €3.80 ($4.42) during mid-day trading on Friday, reaching €142.85 ($166.10). The company had a trading volume of 756,687 shares, compared to its average volume of 476,379. Continental has a 1 year low of €186.55 ($216.92) and a 1 year high of €257.40 ($299.30).
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It 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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