In a report released today, Patrick Hummel from UBS maintained a Hold rating on Continental Aktiengesellschaft (CTTAF – Research Report), with a price target of $130. The company’s shares closed on Wednesday at $170.
According to TipRanks.com, Hummel is a 1-star analyst with an average return of -2.7% and a 45.5% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Fiat Chrysler Automobiles.
Currently, the analyst consensus on Continental Aktiengesellschaft is a Hold with an average price target of $173.69, a 2.2% upside from current levels. In a report issued on April 3, DZ BANK AG also maintained a Hold rating on the stock.
Continental Aktiengesellschaft’s market cap is currently $34B and has a P/E ratio of 9.92. The company has a Price to Book ratio of 1.67.
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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.