JPMorgan Chase & Co. set a €13.50 ($15.70) price objective on Schaeffler (FRA:SHA) in a research note issued to investors on Wednesday morning. The firm currently has a neutral rating on the stock.
Other equities analysts have also issued research reports about the company. Credit Suisse Group set a €17.00 ($19.77) price target on Schaeffler and gave the stock a buy rating in a report on Friday, September 28th. Morgan Stanley set a €15.00 ($17.44) price target on Schaeffler and gave the stock a neutral rating in a report on Thursday, July 12th. UBS Group set a €10.00 ($11.63) price target on Schaeffler and gave the stock a sell rating in a report on Thursday, September 6th. Citigroup set a €14.00 ($16.28) price target on Schaeffler and gave the stock a neutral rating in a report on Monday, July 16th. Finally, Berenberg Bank set a €12.00 ($13.95) price target on Schaeffler and gave the stock a neutral rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Schaeffler currently has an average rating of Hold and a consensus target price of €14.18 ($16.48).
SHA opened at €9.31 ($10.82) on Wednesday. Schaeffler has a one year low of €11.30 ($13.14) and a one year 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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