Credit Suisse Group set a €17.00 ($19.77) price objective on Schaeffler (FRA:SHA) in a research report report published on Wednesday morning. The firm currently has a buy rating on the stock.
Several other analysts also recently commented on SHA. Citigroup set a €14.00 ($16.28) target price on Schaeffler and gave the company a neutral rating in a research note on Monday, July 16th. Morgan Stanley set a €15.00 ($17.44) target price on Schaeffler and gave the company a neutral rating in a research note on Tuesday, June 26th. UBS Group set a €11.50 ($13.37) target price on Schaeffler and gave the company a neutral rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a €12.00 ($13.95) target price on Schaeffler and gave the company a neutral rating in a research note on Monday, July 16th. Finally, Kepler Capital Markets set a €17.50 ($20.35) target price on Schaeffler and gave the company a buy rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €14.63 ($17.01).
Shares of SHA opened at €10.97 ($12.76) on Wednesday. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47).
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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