Continental Aktiengesellschaft (CTTAF) Gets a Hold Rating from RBC Capital


RBC Capital analyst Tom Narayan maintained a Hold rating on Continental Aktiengesellschaft (CTTAF) today and set a price target of $136. The company’s shares closed last Wednesday at $132.75, equals to its 52-week low of $132.75.

According to TipRanks.com, Narayan is ranked #4211 out of 5246 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Aktiengesellschaft with a $164.83 average price target, implying a 24.2% upside from current levels. In a report issued on July 8, UBS also maintained a Hold rating on the stock with a $130 price target.

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Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $653 million. In comparison, last year the company had a net profit of $979 million.

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Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation.

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