Continental (ETR:CON) Stock Upgrade
Trading for shares of Continental (ETR:CON) will be watched closely today, as UBS AG boosted the stock to a solid rating of a “Buy”. In addition to their ratings upgrade, UBS AG set a Estimated Target Price of EUR 245.00 which was 10.61% higher.
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 2.75% above today’s (€221.1) stock price. Continental was the topic of 34 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux maintained shares on December 16 with “Hold” rating. Landesbank maintained shares with “Hold” rating and €210 target share price in a report from a November 13. Societe Generale maintained CON stock in a recent report from December 9 with “Hold” rating. Equinet upgraded the rating on November 10. Equinet has a “Buy” rating and a €260 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a November 13.
The stock decreased 0.92% or EUR 2.05 on December 18, striking EUR 221.1. Approximately 712,485 shares of stock traded hands or 90.11% up from the average. Continental AG (ETR:CON) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% 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 43.48 billion EUR. Continental operates through six divisions: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has 16.62 P/E ratio. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.