JPMorgan Chase & Co. Reiterates “€13.00” Price Target for Schaeffler (SHA)

JPMorgan Chase & Co. set a €13.00 ($15.48) price objective on Schaeffler (FRA:SHA) in a research note issued to investors on Friday. The brokerage currently has a sell rating on the stock.

Other research analysts also recently issued research reports about the stock. Goldman Sachs Group set a €15.40 ($18.33) target price on shares of Schaeffler and gave the company a buy rating in a research report on Thursday, October 26th. Deutsche Bank set a €16.00 ($19.05) price target on shares of Schaeffler and gave the company a buy rating in a research note on Monday, October 23rd. BNP Paribas set a €16.00 ($19.05) price target on shares of Schaeffler and gave the company a buy rating in a research note on Monday, October 16th. Kepler Capital Markets set a €17.50 ($20.83) price target on shares of Schaeffler and gave the company a buy rating in a research note on Thursday, November 9th. Finally, DZ Bank reiterated a neutral rating on shares of Schaeffler in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Schaeffler has a consensus rating of Hold and a consensus target price of €14.47 ($17.23).

Schaeffler (FRA SHA) opened at €14.93 ($17.77) on Friday. The firm has a market cap of $2,470.00 and a price-to-earnings ratio of 10.16. Schaeffler has a 12-month low of €11.30 ($13.45) and a 12-month high of €16.60 ($19.76).

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About Schaeffler

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.

Analyst Recommendations for Schaeffler (FRA:SHA)

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