No Recommendation For Conti Shares At The Moment
Analysts regard the price of Conti shares as relatively cheap, at 16.5 Euro. On the other hand, prospects for the group do not look very good; Continental’s Letter to Investors revealed that results in Europe for the first quarter of the year were better than expected.
However, the situation for Conti General in the USA is very difficult, with results much worse than forecast and with little prospect of improvement. The plan to sell off the profitable Conti-Tech division will probably have a negative impact on the share price, analysts also believe..