Continental AG (CTTAY) Rating Lowered to Equal Weight at Barclays PLC
Continental AG (OTCMKTS:CTTAY) was downgraded by investment analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research note issued on Friday.
A number of other research analysts also recently issued reports on the company. DZ Bank AG reiterated a “buy” rating on shares of Continental AG in a report on Thursday, August 4th. Goldman Sachs Group Inc. cut Continental AG from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Morgan Stanley reissued a “buy” rating on shares of Continental AG in a research report on Thursday, June 16th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Continental AG in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Continental AG presently has a consensus rating of “Buy” and a consensus target price of $50.00.
Shares of Continental AG (OTCMKTS:CTTAY) traded down 0.95% during midday trading on Friday, reaching $38.62. The company had a trading volume of 59,999 shares. Continental AG has a 1-year low of $36.29 and a 1-year high of $49.75. The company’s 50-day moving average is $42.03 and its 200-day moving average is $41.96. The stock has a market capitalization of $38.62 billion, a PE ratio of 11.88 and a beta of 1.91.
About Continental AG
Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.
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