Continental AG (CTTAY) Receives New Coverage from Analysts at Jefferies Group
Stock analysts at Jefferies Group started coverage on shares of Continental AG (OTCMKTS:CTTAY) in a report issued on Tuesday. The brokerage set a “buy” rating on the stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Continental AG from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Berenberg Bank initiated coverage on Continental AG in a research report on Tuesday, November 22nd. They issued a “sell” rating for the company. DZ Bank AG restated a “buy” rating on shares of Continental AG in a research report on Thursday, August 4th. JPMorgan Chase & Co. restated a “buy” rating on shares of Continental AG in a research report on Monday, September 12th. Finally, Barclays PLC cut Continental AG from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.00.
Shares of Continental AG (OTCMKTS:CTTAY) opened at 34.665 on Tuesday. The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Continental AG has a 52-week low of $34.14 and a 52-week high of $49.75.
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Continental AG Company Profile
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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