Goldman Sachs Group Reiterates “€142.00” Price Target for Continental (ETR:CON)
Goldman Sachs Group set a €142.00 ($165.12) price objective on Continental (ETR:CON) in a report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Kepler Capital Markets restated a hold rating on shares of Continental in a research report on Friday, June 28th. Nord/LB set a €29.30 ($34.07) price objective on shares of Aareal Bank and gave the stock a neutral rating in a research report on Thursday, May 9th. Warburg Research set a €200.00 ($232.56) price objective on shares of Continental and gave the stock a buy rating in a research report on Friday, June 14th. Bank of America set a €155.00 ($180.23) price objective on shares of Continental and gave the stock a buy rating in a research report on Tuesday, May 14th. Finally, HSBC restated a buy rating and set a GBX 275 ($3.59) price objective on shares of in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of €153.66 ($178.68).
Shares of ETR:CON opened at €116.90 ($135.93) on Tuesday. The stock has a market cap of $23.38 billion and a P/E ratio of 8.55. The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 33.20. Continental has a twelve month low of €112.46 ($130.77) and a twelve month high of €211.00 ($245.35). The business’s 50 day moving average is €124.08.
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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