Jefferies Financial Group Reiterates €120.00 Price Target for Continental (ETR:CON)

Continental (ETR:CON) has been assigned a €120.00 ($139.53) price objective by equities research analysts at Jefferies Financial Group in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 3.30% from the company’s current price.

CON has been the subject of a number of other research reports. Barclays set a €115.00 ($133.72) price objective on shares of Continental and gave the company a “sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. set a €119.00 ($138.37) price objective on shares of Continental and gave the company a “sell” rating in a report on Tuesday. Nord/LB set a €130.00 ($151.16) price objective on shares of Continental and gave the company a “neutral” rating in a report on Wednesday, August 7th. UBS Group set a €130.00 ($151.16) price objective on shares of Continental and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, Independent Research set a €123.00 ($143.02) price objective on shares of Continental and gave the company a “neutral” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €136.69 ($158.94).

ETR CON traded up €4.92 ($5.72) during trading hours on Tuesday, reaching €124.10 ($144.30). The company’s stock had a trading volume of 1,279,796 shares, compared to its average volume of 476,379. The firm has a fifty day simple moving average of €117.50 and a 200-day simple moving average of €125.67. The stock has a market cap of $24.82 billion and a P/E ratio of 10.35. Continental has a 52 week low of €103.62 ($120.49) and a 52 week high of €157.40 ($183.02). The company has a debt-to-equity ratio of 42.35, a current ratio of 1.02 and a quick ratio of 0.63.

About Continental

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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