Continental Share Listed in DAX Again from Today
Share price increases by more than 70% since beginning of the year
From the beginning of 2009, Continental was listed in the MDAX, partly because the volume of freely tradable shares at that time, amounting to just over 10%, was no longer sufficient to fulfill the necessary criteria for membership in the DAX with regard to market capitalization and trading volume. Since the end of 2008, its market capitalization has risen from €4.6 billion to more than €16.8 billion. Over the past twelve months, the trading volume that is relevant to index selection amounted to over €9 billion on average. The criteria for membership in the DAX were thus clearly fulfilled.
The international automotive supplier's share price has risen by more than 70% since the beginning of the year to €83.61. Equity analysts anticipate an average target price of €90 for the Continental share, and at the high end as much as €126.
Continental Reifen Deutschland GmbH
With sales of €30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires, and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has approximately 169,000 employees in 46 countries.