Societe Generale Reiterates €246.00 Price Target for Continental (CON)

Continental (ETR:CON) received a €246.00 ($292.86) price objective from equities researchers at Societe Generale in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 8.27% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Barclays set a €251.00 ($298.81) price target on Continental and gave the company a “neutral” rating in a research note on Monday, February 5th. Independent Research set a €245.00 ($291.67) price target on Continental and gave the company a “neutral” rating in a research note on Thursday, January 11th. Berenberg Bank set a €210.00 ($250.00) price target on Continental and gave the company a “sell” rating in a research note on Monday, February 26th. Goldman Sachs set a €267.00 ($317.86) price target on Continental and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Sanford C. Bernstein set a €260.00 ($309.52) price target on Continental and gave the company a “neutral” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of €252.38 ($300.45).

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Shares of Continental stock traded down €0.80 ($0.95) on Wednesday, reaching €227.20 ($270.48). 196,612 shares of the company were exchanged, compared to its average volume of 476,379. Continental has a one year low of €186.55 ($222.08) and a one year high of €257.40 ($306.43).

Continental Company Profile

Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It 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.

Analyst Recommendations for Continental (ETR:CON)

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