Continental (ETR:CON) Now a Buy? DZ-Bank AG Has Upgraded The Stock


Continental (ETR:CON) Stock Upgrade

The previous rating for shares of Continental (ETR:CON) has been supplanted by today’s new rating by DZ-Bank AG, who hiked shares to a Buy.

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 1.81% above today’s (€223.15) 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 increased 1.71% or EUR 3.75 on December 17, striking EUR 223.15. Approximately 446,410 shares of stock traded hands or 18.05% up from the average. Continental AG (ETR:CON) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

 Continental (ETR:CON) Now a Buy? DZ-Bank AG Has Upgraded The Stock

Continental AG is a global automotive supplier, tire maker and industrial partner to other industries. The company has a market cap of 44.35 billion EUR. Continental operates through six divisions: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has 16.77 P/E ratio. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.