Shares of Schaeffler AG (FRA:SHA) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is €14.20 ($16.71).
A number of analysts recently weighed in on SHA shares. UBS AG set a €10.00 ($11.76) target price on Schaeffler and gave the stock a “sell” rating in a research report on Monday, August 7th. J P Morgan Chase & Co set a €11.20 ($13.18) target price on Schaeffler and gave the stock a “sell” rating in a research report on Thursday, August 10th. Citigroup Inc. set a €14.00 ($16.47) target price on Schaeffler and gave the stock a “neutral” rating in a research report on Friday, August 11th. Berenberg Bank set a €12.00 ($14.12) target price on Schaeffler and gave the stock a “neutral” rating in a research report on Friday, August 25th. Finally, BNP Paribas set a €15.50 ($18.24) target price on Schaeffler and gave the stock a “buy” rating in a research report on Friday, September 8th.
Shares of Schaeffler (FRA:SHA) opened at €14.12 ($16.61) on Friday. Schaeffler has a 12-month low of €11.30 ($13.29) and a 12-month high of €16.60 ($19.53).
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Schaeffler Company Profile
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.
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