Ratings Don’t Lie: Time To Sell Continental (ETR:CON), Joh. Berenberg Gossler & Co. KG Downgrades It

November 23, 2016 - By Ruchi Gupta

Ratings Don't Lie:  Time To Sell Continental (ETR:CON), Joh. Berenberg Gossler & Co. KG Downgrades It

Continental (ETR:CON) Downgrade

Frankfurt-listed Continental (ETR:CON), was lowered by expert analysts at Joh. Berenberg Gossler & Co. KG. Joh. Berenberg Gossler & Co. KG lowered its rating on the 32.80 billion EUR market cap company to Sell, but maintained its target of EUR 140.00 on CON shares.

Continental AG (ETR:CON) Ratings Coverage

Out of 22 analysts covering Continental (ETR:CON), 10 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 45% are positive. €260 is the highest target while €140 is the lowest. The €206.71 average target is 26.08% above today’s (€163.95) stock price. Continental has been the topic of 128 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, May 6 by Credit Suisse. The firm earned “Buy” rating on Saturday, October 17 by Equinet. The stock of Continental AG (ETR:CON) has “Buy” rating given on Tuesday, September 20 by Bankhaus Lampe. Oddo & Cie maintained Continental AG (ETR:CON) on Saturday, June 25 with “Neutral” rating. Commerzbank maintained it with “Hold” rating and €215 target price in Saturday, January 9 report. As per Saturday, April 30, the company rating was upgraded by UBS. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank. The firm has “Hold” rating given on Friday, June 3 by Societe Generale. UBS upgraded Continental AG (ETR:CON) on Wednesday, November 25 to “Buy” rating. As per Wednesday, October 5, the company rating was downgraded by BNP Paribas.

About 263,897 shares traded hands. Continental AG (ETR:CON) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Continental AG is an automotive supplier. The company has a market cap of 32.79 billion EUR. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 12.32 P/E ratio. The Chassis & Safety division develops, produces and markets intelligent systems.

More notable recent Continental AG (ETR:CON) news were published by: Wsj.com which released: “Continental AG To Open New Tire Plant In Mississippi” on February 04, 2016, also Bloomberg.com with their article: “Continental AG Cuts 2016 Forecast on Antitrust, Warranty Cases” published on October 17, 2016, Bloomberg.com published: “Continental AG Raises 2016 Cash Flow Forecast 11% on Earnings” on May 04, 2016. More interesting news about Continental AG (ETR:CON) were released by: Bloomberg.com and their article: “Continental AG Working on Self-Driving Partnerships to Rival BMW” published on August 03, 2016 as well as Bloomberg.com‘s news article titled: “Continental AG Sees 11% Return on Sales on Car-Parts `Momentum'” with publication date: April 29, 2016.

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