JPMorgan Chase & Co. Reiterates “€119.00” Price Target for Continental (ETR:CON)

Continental (ETR:CON) received a €119.00 ($138.37) target price from research analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.58% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Oddo Bhf set a €130.00 ($151.16) price target on shares of Continental and gave the company a “neutral” rating in a research note on Monday, July 1st. HSBC set a €137.50 ($159.88) price target on shares of Continental and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Kepler Capital Markets set a €145.00 ($168.60) price target on shares of Continental and gave the company a “neutral” rating in a research note on Friday, June 28th. Royal Bank of Canada set a €123.00 ($143.02) price target on shares of Continental and gave the company a “neutral” rating in a research note on Tuesday. Finally, Sanford C. Bernstein set a €210.00 ($244.19) price target on shares of Continental and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company. Continental presently has an average rating of “Hold” and an average target price of €146.50 ($170.35).

Continental stock traded down €3.32 ($3.86) during mid-day trading on Wednesday, hitting €108.60 ($126.28). The company had a trading volume of 539,354 shares, compared to its average volume of 476,379. The stock has a market cap of $21.72 billion and a PE ratio of 7.94. Continental has a 1 year low of €112.46 ($130.77) and a 1 year high of €190.05 ($220.99). The company has a debt-to-equity ratio of 42.35, a quick ratio of 0.63 and a current ratio of 1.02. The business has a fifty day moving average of €122.15.

Continental Company Profile

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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Analyst Recommendations for Continental (ETR:CON)

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