Continental (ETR:CON) Rating Reaffirmed
The broker has just set a target price of EUR 215.00 on Continental (ETR:CON) shares. This is -1.56% from the last stock close. In a very recent research note sent to investors on Wednesday, 16 December, Kepler Cheuvreux has decided to reaffirm their “Hold” rating on shares of CON.
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 4.22% above today’s (€218) stock price. Continental was the topic of 33 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS upgraded shares on December 10 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €215 target share price in a report from a November 11. Baader Wertpapierhandelsbank maintained CON stock in a recent report from November 27 with “Hold” 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 increased 3.15% or EUR 6.65 on December 15, striking EUR 218. Approximately 389,623 shares of stock traded hands or 3.37% up from the average. Continental AG (ETR:CON) has risen 6.00% since November 16, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.
Continental AG is a global automotive supplier, tire maker and industrial partner to other industries. The company has a market cap of 43.60 billion EUR. Continental operates through six divisions: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has 16.38 P/E ratio. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.