Deutsche Bank Reaffirms Their Hold Rating on Continental Aktiengesellschaft (CTTAF)

In a report released today, Christoph Laskawi from Deutsche Bank maintained a Hold rating on Continental Aktiengesellschaft, with a price target of €63.00. The company’s shares closed yesterday at $70.27.

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Laskawi covers the Industrials sector, focusing on stocks such as Rheinmetall, Hella KGaA Hueck & Co, and Schaeffler. According to TipRanks, Laskawi has an average return of 29.4% and a 71.43% success rate on recommended stocks.

Currently, the analyst consensus on Continental Aktiengesellschaft is a Moderate Buy with an average price target of $82.34, which is a 17.18% upside from current levels. In a report released today, Jefferies also maintained a Hold rating on the stock with a €60.00 price target.

Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.86 billion and a net profit of $506 million. In comparison, last year the company earned a revenue of $10 billion and had a net profit of $305 million