Today’s Rating On Watch: Is Continental (ETR:CON) a Stock to Buy After Jefferies & Company Inc. Upgrade?

November 30, 2016 - By Adrian Mccoy

Today's Rating On Watch:  Is Continental (ETR:CON) a Stock to Buy After Jefferies & Company Inc. Upgrade?

Continental (ETR:CON) Upgrade

Jefferies & Company Inc. was upped to a “Buy” and currently has EUR 190.00 TP on Continental (ETR:CON)‘s stock. This was shown in a a recent note today. Jefferies & Company Inc.’s TP means a potential upside of 13.40%.

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 22.49% above today’s (€167.2) stock price. Continental has been the topic of 130 analyst reports since July 23, 2015 according to StockzIntelligence Inc. UBS maintained Continental AG (ETR:CON) rating on Wednesday, August 5. UBS has “Neutral” rating and €225 price target. Independent Research upgraded the stock to “Buy” rating in Tuesday, May 3 report. The firm has “Buy” rating by Equinet given on Wednesday, March 2. Warburg Research upgraded the stock to “Buy” rating in Wednesday, May 11 report. The stock of Continental AG (ETR:CON) earned “Hold” rating by Societe Generale on Friday, June 3. On Thursday, April 28 the stock rating was maintained by Baader Wertpapierhandelsbank with “Hold”. UBS upgraded the stock to “Buy” rating in Saturday, July 2 report. On Friday, April 22 the stock rating was upgraded by Equinet to “Buy”. Equinet upgraded it to “Buy” rating and €240 target price in Friday, September 9 report. The firm has “Buy” rating given on Thursday, September 1 by UBS.

About 155,673 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 33.44 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: Bloomberg.com which released: “Continental AG Cuts 2016 Forecast on Antitrust, Warranty Cases” on October 17, 2016, also Bloomberg.com published article titled: “Continental AG Raises 2016 Cash Flow Forecast 11% on Earnings”, Bloomberg.com published: “Continental AG Working on Self-Driving Partnerships to Rival BMW” on August 03, 2016. More interesting news about Continental AG (ETR:CON) was released by: Reuters.com and their article: “BRIEF-Continental AG says to place 600 mln euro bond” with publication date: November 29, 2016.

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