Continental (ETR:CON) has been given a €137.00 ($159.30) price target by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, May 9th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.17% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. UBS Group set a €130.00 ($151.16) price objective on shares of Continental and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley set a €171.00 ($198.84) price objective on shares of Continental and gave the stock a “buy” rating in a research note on Monday, March 11th. Kepler Capital Markets set a €165.00 ($191.86) target price on shares of Continental and gave the company a “buy” rating in a research note on Wednesday, March 27th. Barclays set a €148.00 ($172.09) target price on shares of Continental and gave the company a “neutral” rating in a research note on Friday, March 29th. Finally, Nord/LB set a €130.00 ($151.16) target price on shares of Continental and gave the company a “neutral” rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of €159.68 ($185.67).
Shares of ETR CON opened at €129.04 ($150.05) on Thursday. The firm has a market capitalization of $25.81 billion and a P/E ratio of 9.43. The company has a debt-to-equity ratio of 33.20, a current ratio of 1.03 and a quick ratio of 0.64. Continental has a 1-year low of €118.30 ($137.56) and a 1-year high of €228.00 ($265.12).
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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