Continental (ETR:CON) May Have Just Reached An Inflection Point; UBS AG Upgrades Shares

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Continental (ETR:CON) Stock Upgrade

UBS AG lifted shares of Continental (ETR:CON) to a Buy rating in a recent research report published on Thursday, 10 December. The brokerage firm currently has a EUR 240.00 price target on shares.

From a total of 17 analysts covering Continental (ETR:CON) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is €260 while the lowest target price is €191. The mean of all analyst targets is €227.19 with a 2.18% above today’s (€222.35) stock price. Continental was the topic of 32 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 9 with “Hold” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €215 target share price in a report from a November 11. UBS upgraded CON stock in a recent report from November 25 to “Buy” rating. Equinet upgraded the rating on November 10. Equinet has a “Buy” rating and a €260 price target on shares. Finally, Landesbank maintained the stock with “Hold” rating in a report issued on a November 13.

The stock decreased 0.31% or EUR 0.7 on December 9, striking EUR 222.35. Approximately 281,508 shares of stock traded hands. Continental AG (ETR:CON) has risen 6.00% since November 10, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.

 Continental (ETR:CON) May Have Just Reached An Inflection Point; UBS AG Upgrades Shares

Continental AG is a global automotive supplier, tire maker and industrial partner to other industries. The company has a market cap of 45.24 billion EUR. Continental operates through six divisions: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has 16.71 P/E ratio. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.

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