Continental (ETR:CON) has been assigned a €233.00 ($277.38) price objective by equities research analysts at Independent Research in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 2.96% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Kepler Capital Markets set a €240.00 ($285.71) price objective on Continental and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Jefferies Group set a €225.00 ($267.86) price objective on Continental and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Sanford C. Bernstein set a €240.00 ($285.71) price objective on Continental and gave the stock a “buy” rating in a research note on Wednesday, September 13th. BNP Paribas set a €212.00 ($252.38) price objective on Continental and gave the stock a “neutral” rating in a research note on Monday, October 16th. Finally, Commerzbank set a €205.00 ($244.05) price objective on Continental and gave the stock a “neutral” rating in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Continental currently has an average rating of “Buy” and a consensus target price of €231.36 ($275.43).
Shares of Continental (ETR CON) opened at €226.30 ($269.40) on Thursday. The stock has a market capitalization of $45,260.00 and a PE ratio of 15.05. Continental has a one year low of €180.70 ($215.12) and a one year high of €228.50 ($272.02).
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Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. The companys Chassis & Safety segment offers electronic brake systems and software solutions, chassis electronics and air suspension systems, hydraulic brake systems, passive safety and sensorics, and driver assistance systems.
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