HSBC Reaffirms Their Hold Rating on Continental Aktiengesellschaft (CTTAF)

By Ryan Adsit

HSBC analyst Henning Cosman maintained a Hold rating on Continental Aktiengesellschaft (CTTAFResearch Report) today and set a price target of $155. The company’s shares opened today at $165.

According to TipRanks.com, Cosman is ranked #2476 out of 5194 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Aktiengesellschaft with a $175.67 average price target, a 6.5% upside from current levels. In a report issued on April 18, UBS also maintained a Hold rating on the stock with a $130 price target.

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Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $812 million. In comparison, last year the company had a net profit of $907 million.

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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.