Ratings Don’t Lie: Citigroup Corp. Reconfirms Continental (ETR:CON) As Neutral; Has Target Price Of EUR 179.50

November 30, 2016 - By Richard Conner

Ratings Don't Lie: Citigroup Corp. Reconfirms Continental (ETR:CON) As Neutral; Has Target Price Of EUR 179.50

Continental (ETR:CON) Rating

Frankfurt: In a report revealed to clients and investors on Wednesday morning, Citigroup Corp. restate their Neutral rating on shares of Continental (ETR:CON). They currently have a EUR 179.50 target price on the company. Citigroup Corp.’s target suggests a potential upside of 7.13% from the company’s last stock close price.

Continental AG (ETR:CON) Ratings Coverage

Out of 24 analysts covering Continental (ETR:CON), 11 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 46% are positive. €260 is the highest target while €140 is the lowest. The €204.80 average target is 22.45% above today’s (€167.25) stock price. Continental has been the topic of 130 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Deutsche Bank to “Buy” on Friday, January 8. On Tuesday, September 20 the stock rating was upgraded by Bankhaus Lampe to “Buy”. The stock has “Underperform” rating given by BNP Paribas on Wednesday, May 18. On Saturday, September 19 the stock rating was upgraded by Equinet to “Buy”. The stock of Continental AG (ETR:CON) earned “Buy” rating by Goldman Sachs on Wednesday, June 1. The firm has “Underperform” rating by BNP Paribas given on Friday, August 5. UBS upgraded the stock to “Buy” rating in Saturday, April 30 report. The rating was upgraded by JP Morgan on Friday, May 6 to “Buy”. UBS maintained Continental AG (ETR:CON) on Wednesday, August 5 with “Neutral” rating. BNP Paribas downgraded Continental AG (ETR:CON) on Thursday, September 29 to “Underperform” rating.

About 162,236 shares traded hands. Continental AG (ETR:CON) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Continental AG is an automotive supplier. The company has a market cap of 33.45 billion EUR. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 12.57 P/E ratio. The Chassis & Safety division develops, produces and markets intelligent systems.

More important 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 published article titled: “Continental AG Cuts 2016 Forecast on Antitrust, Warranty Cases”, 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) was released by: Bloomberg.com and their article: “Continental AG Working on Self-Driving Partnerships to Rival BMW” with publication date: August 03, 2016.

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