In a report released today, Sven Diermeier from Independent Research maintained a Hold rating on Continental Aktiengesellschaft (CTTAF), with a price target of EUR126.00. The company’s shares closed last Friday at $138.46.
According to TipRanks.com, Diermeier is a 1-star analyst with an average return of -2.5% and a 54.5% success rate. Diermeier covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, LANXESS, and Linde.
Continental Aktiengesellschaft has an analyst consensus of Moderate Buy, with a price target consensus of $156.98, implying a 6.1% upside from current levels. In a report issued on February 17, Morgan Stanley also maintained a Hold rating on the stock with a EUR125.00 price target.
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The company has a one-year high of $266.00 and a one-year low of $57.00. Currently, Continental Aktiengesellschaft has an average volume of 328.
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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. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.
