Deutsche Bank analyst Tim Rokossa maintained a Hold rating on Continental Aktiengesellschaft (CTTAF – Research Report) yesterday and set a price target of EUR95.00. The company’s shares closed last Tuesday at $109.42.
According to TipRanks.com, Rokossa is a 4-star analyst with an average return of 11.7% and a 47.8% success rate. Rokossa covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Daimler.
Currently, the analyst consensus on Continental Aktiengesellschaft is a Hold with an average price target of $124.29, implying a 13.6% upside from current levels. In a report issued on January 4, J.P. Morgan also downgraded the stock to Hold with a EUR110.00 price target.
The company has a one-year high of $158.67 and a one-year low of $98.36. Currently, Continental Aktiengesellschaft has an average volume of 380.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTTAF in relation to earlier this year.
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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.
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