J.P. Morgan analyst Jose Asumendi maintained a Sell rating on Continental Aktiengesellschaft (CTTAF) today and set a price target of EUR119.00. The company’s shares closed last Monday at $126.00, close to its 52-week low of $117.00.
According to TipRanks.com, Asumendi is a 1-star analyst with an average return of -1.8% and a 47.8% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Daimler.
Continental Aktiengesellschaft has an analyst consensus of Hold, with a price target consensus of $146.10, a 16.0% upside from current levels. In a report issued on October 8, Barclays also maintained a Sell rating on the stock with a EUR115.00 price target.
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Continental Aktiengesellschaft’s market cap is currently $25.2B and has a P/E ratio of 9.20. The company has a Price to Book ratio of 1.25.
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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.
