Continental AG (CTTAY) Lowered to “Equal Weight” at Barclays PLC
Barclays PLC lowered shares of Continental AG (OTCMKTS:CTTAY) from an overweight rating to an equal weight rating in a report released on Friday morning, StockTargetPrices.com reports.
Several other analysts also recently weighed in on the company. DZ Bank AG reaffirmed a buy rating on shares of Continental AG in a research note on Thursday, August 4th. Goldman Sachs Group Inc. downgraded Continental AG from a buy rating to a neutral rating in a research note on Monday, June 27th. Morgan Stanley reaffirmed a buy rating on shares of Continental AG in a research note on Thursday, June 16th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of Continental AG in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Continental AG currently has a consensus rating of Buy and a consensus price target of $50.00.
Continental AG (OTCMKTS:CTTAY) traded up 0.31% during mid-day trading on Friday, hitting $38.74. The company had a trading volume of 6,099 shares. The company has a market cap of $38.74 billion, a PE ratio of 11.92 and a beta of 1.91. The company’s 50 day moving average price is $41.92 and its 200-day moving average price is $41.92. Continental AG has a one year low of $36.29 and a one year high of $49.75.
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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