Schaeffler (FRA:SHA) received a €10.00 ($11.63) target price from research analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 36.84% from the stock’s previous close.
Several other research firms also recently weighed in on SHA. DZ Bank reiterated a “neutral” rating on shares of Schaeffler in a research note on Tuesday, April 23rd. Sanford C. Bernstein set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. UBS Group set a €6.00 ($6.98) target price on shares of Schaeffler and gave the stock a “sell” rating in a research note on Monday, April 15th. Morgan Stanley set a €10.00 ($11.63) target price on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €7.50 ($8.72) target price on shares of Schaeffler and gave the stock a “sell” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Schaeffler presently has an average rating of “Hold” and an average price target of €9.83 ($11.43).
Shares of SHA traded down €0.10 ($0.12) during trading hours on Thursday, hitting €7.31 ($8.50). The company’s stock had a trading volume of 712,657 shares. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week 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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