Conti is Becoming Analysts‘ Favourite

Continental’s recently published and extremly favourable half-year business results seem to have fired the imagination of analysts. After the German tyre manufacturer announced 9.9 per cent increase in turnover and a 21.4 per cent increase in EBIT, half a dozen company and market reports have been published arguing that Continental shares still have considerable development potential.

On Monday the price per share rocketed up to 42 euros. The German Hypo-Vereinsbank believes in a medium-term share price of 46 euros, others suggest as much as 50 euros. Analysts are unanimous with the already frequently heard “buy” recommendation.