Warburg Research set a €175.00 ($203.49) price target on Continental (ETR:CON) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts also recently weighed in on the company. Independent Research set a €130.00 ($151.16) target price on Continental and gave the company a neutral rating in a research report on Wednesday. Goldman Sachs Group set a €118.00 ($137.21) target price on Continental and gave the company a neutral rating in a research report on Tuesday. Sanford C. Bernstein set a €180.00 ($209.30) price target on Continental and gave the company a buy rating in a report on Tuesday. Royal Bank of Canada set a €120.00 ($139.53) price target on Continental and gave the company a neutral rating in a report on Tuesday. Finally, HSBC set a €130.00 ($151.16) price target on Continental and gave the company a neutral rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the stock. Continental presently has an average rating of Hold and an average target price of €133.59 ($155.34).
ETR CON traded down €0.90 ($1.05) on Wednesday, hitting €123.30 ($143.37). 629,430 shares of the company traded hands, compared to its average volume of 476,379. The company has a market capitalization of $24.66 billion and a price-to-earnings ratio of 10.29. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 42.35. The business’s 50 day moving average price is €120.37 and its 200-day moving average price is €122.63. Continental has a 52-week low of €103.62 ($120.49) and a 52-week high of €157.40 ($183.02).
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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