Continental (ETR:CON) has been assigned a €120.00 ($139.53) price target by Royal Bank of Canada in a note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 2.99% from the company’s previous close.
A number of other research firms have also recently issued reports on CON. Goldman Sachs Group set a €118.00 ($137.21) price target on shares of Continental and gave the company a “neutral” rating in a report on Tuesday, November 12th. Hauck & Aufhaeuser set a €117.00 ($136.05) price objective on Continental and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein set a €180.00 ($209.30) price objective on Continental and gave the stock a “buy” rating in a research report on Friday, November 29th. Deutsche Bank set a €120.00 ($139.53) target price on Continental and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Independent Research set a €130.00 ($151.16) target price on Continental and gave the company a “neutral” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the stock. Continental currently has a consensus rating of “Hold” and an average target price of €132.91 ($154.55).
Shares of CON opened at €116.52 ($135.49) on Monday. The company has a market capitalization of $23.30 billion and a PE ratio of -108.49. Continental has a one year low of €103.62 ($120.49) and a one year high of €157.40 ($183.02). The company has a debt-to-equity ratio of 47.97, a current ratio of 1.05 and a quick ratio of 0.66. The company’s fifty day moving average price is €122.77 and its 200 day moving average price is €120.70.
Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis & Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.
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