Continental (ETR:CON) Rating Reaffirmed
Professional analysts at Baader Wertpapierhandelsbank now has a EUR 225.00 target price per share on Continental (ETR:CON). Baader Wertpapierhandelsbank and their recent target price per share may imply a potential upside of 0.56% from the company’s closing share price. The rating has been disclosed in an analyst note on 27 November.
From a total of 16 analysts covering Continental (ETR:CON) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 44% 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 €226.67 with a 1.12% above today’s (€224.15) stock price. Continental was the topic of 30 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. UBS upgraded shares on November 25 to “Buy” rating. Equinet upgraded shares to “Buy” rating and €260 target share price in a report from a November 10. Landesbank maintained CON stock in a recent report from November 13 with “Hold” rating. Bankhaus Lampe upgraded the rating on November 7. Bankhaus Lampe has a “Buy” rating and a €250 price target on shares. Finally, Kepler Cheuvreux maintained the stock with “Hold” rating in a report issued on a November 11.
The stock increased 1.33% or EUR 2.95 on November 26, striking EUR 224.15. Approximately 332,680 shares of stock traded hands. Continental AG (ETR:CON) has risen 6.00% since October 28, 2015 and is uptrending. It has outperformed by 7.36% 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 44.83 billion EUR. Continental operates through six divisions: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has 16.85 P/E ratio. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.