equinet set a €13.20 ($15.35) price target on Schaeffler (FRA:SHA) in a research report report published on Monday. The brokerage currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. DZ Bank reaffirmed a buy rating on shares of Schaeffler in a research report on Wednesday, August 8th. Warburg Research set a €18.00 ($20.93) target price on Schaeffler and gave the company a buy rating in a research report on Tuesday, August 7th. Kepler Capital Markets set a €17.50 ($20.35) target price on Schaeffler and gave the company a buy rating in a research report on Tuesday, August 7th. Oddo Bhf set a €15.50 ($18.02) target price on Schaeffler and gave the company a buy rating in a research report on Thursday, August 9th. Finally, Credit Suisse Group set a €17.00 ($19.77) target price on Schaeffler and gave the company a buy rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €13.98 ($16.26).
Shares of FRA:SHA opened at €9.50 ($11.05) on Monday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 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.
Featured Story: Should You Consider an Index Fund?
Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.