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UBS Thinks Continental Aktiengesellschaft’s Stock is Going to Recover

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UBS analyst David Lesne maintained a Buy rating on Continental Aktiengesellschaft (CTTAFResearch Report) yesterday and set a price target of EUR100.00. The company’s shares closed last Monday at $69.85, close to its 52-week low of $61.72.

According to TipRanks.com, Lesne is ranked #3995 out of 7881 analysts.

Currently, the analyst consensus on Continental Aktiengesellschaft is a Hold with an average price target of $88.54.

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Continental Aktiengesellschaft’s market cap is currently $13.87B and has a P/E ratio of 9.49.

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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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