Continental (CON) PT Set at €275.00 by HSBC
Continental (ETR:CON) has been given a €275.00 ($339.51) price objective by analysts at HSBC in a research note issued on Thursday, January 4th. The brokerage currently has a “buy” rating on the stock. HSBC’s target price points to a potential upside of 12.06% from the stock’s previous close.
Several other research firms have also recently commented on CON. Citigroup set a €234.50 ($289.51) price objective on shares of Continental and gave the company a “buy” rating in a research note on Thursday, September 28th. Jefferies Group set a €245.00 ($302.47) target price on shares of Continental and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Warburg Research set a €250.00 ($308.64) target price on shares of Continental and gave the stock a “buy” rating in a research report on Friday, September 29th. Deutsche Bank set a €230.00 ($283.95) target price on shares of Continental and gave the stock a “buy” rating in a research report on Friday, September 29th. Finally, BNP Paribas set a €200.00 ($246.91) target price on shares of Continental and gave the stock a “neutral” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Continental has an average rating of “Buy” and a consensus target price of €249.41 ($307.91).
Continental (ETR:CON) traded down €1.00 ($1.23) during mid-day trading on Thursday, reaching €245.40 ($302.96). 285,432 shares of the company’s stock traded hands, compared to its average volume of 424,965. The company has a market capitalization of $49,260.00 and a P/E ratio of 16.32. Continental has a 12 month low of €180.70 ($223.09) and a 12 month high of €256.50 ($316.67).
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Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. The company's Chassis & Safety segment offers electronic brake systems and software solutions, chassis electronics and air suspension systems, hydraulic brake systems, passive safety and sensorics, and driver assistance systems.
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