Schaeffler (FRA:SHA) received a €16.50 ($19.19) target price from analysts at Kepler Capital Markets in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ price objective would indicate a potential upside of 73.65% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. DZ Bank reaffirmed a “buy” rating on shares of Schaeffler in a report on Wednesday, August 8th. Warburg Research set a €18.00 ($20.93) target price on shares of 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 shares of Schaeffler and gave the company a “buy” rating in a research report on Thursday, August 9th. equinet set a €14.30 ($16.63) target price on shares of 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 shares of 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 issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €13.98 ($16.26).
FRA:SHA opened at €9.50 ($11.05) on Wednesday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).
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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