Schaeffler (FRA:SHA) has been given a €11.00 ($12.79) price target by analysts at Deutsche Bank in a report released on Thursday. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 31.86% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Oddo Bhf set a €15.50 ($18.02) price objective on shares of Schaeffler and gave the stock a “buy” rating in a research report on Thursday, August 9th. equinet set a €14.30 ($16.63) price objective on shares of Schaeffler and gave the stock a “buy” rating in a research report on Thursday, August 9th. 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) price objective on shares of Schaeffler and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Kepler Capital Markets set a €17.50 ($20.35) price objective on shares of Schaeffler and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €13.26 ($15.42).
Shares of Schaeffler stock opened at €8.34 ($9.70) on Thursday. 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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