Continental (ETR:CON) PT Set at €140.00 by Barclays

Continental (ETR:CON) received a €140.00 ($162.79) target price from Barclays in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Barclays‘s target price would indicate a potential upside of 21.51% from the stock’s current price.

CON has been the subject of several other reports. Royal Bank of Canada set a €67.00 ($77.91) target price on shares of Daimler and gave the company a “buy” rating in a report on Monday, June 3rd. Nord/LB set a €29.30 ($34.07) target price on shares of Aareal Bank and gave the company a “neutral” rating in a report on Thursday, May 9th. Hauck & Aufhaeuser set a €155.00 ($180.23) target price on shares of Continental and gave the company a “neutral” rating in a report on Friday, April 26th. Goldman Sachs Group set a €63.00 ($73.26) target price on shares of Lanxess and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Independent Research set a €152.00 ($176.74) target price on shares of Continental and gave the company a “neutral” rating in a report on Friday, May 10th. Two equities research 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 company presently has a consensus rating of “Hold” and an average target price of €154.78 ($179.98).

Shares of ETR:CON traded down €3.00 ($3.49) during trading on Tuesday, hitting €115.22 ($133.98). 1,571,320 shares of the stock traded hands, compared to its average volume of 476,379. The company has a debt-to-equity ratio of 33.20, a quick ratio of 0.64 and a current ratio of 1.03. The stock has a market capitalization of $23.04 billion and a P/E ratio of 8.42. The business’s fifty day simple moving average is €125.15. Continental has a 52-week low of €118.30 ($137.56) and a 52-week high of €211.00 ($245.35).

About Continental

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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Analyst Recommendations for Continental (ETR:CON)

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