Sanford C. Bernstein set a €9.00 ($10.47) price target on Schaeffler (FRA:SHA) in a report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently weighed in on the company. DZ Bank reiterated a buy rating on shares of Schaeffler in a research note on Tuesday, March 26th. JPMorgan Chase & Co. set a €7.50 ($8.72) target price on Schaeffler and gave the company a sell rating in a research note on Monday, April 8th. Warburg Research set a €9.00 ($10.47) target price on Schaeffler and gave the company a neutral rating in a research note on Thursday, March 7th. UBS Group set a €6.00 ($6.98) target price on Schaeffler and gave the company a sell rating in a research note on Thursday, January 24th. Finally, Deutsche Bank set a €10.00 ($11.63) target price on Schaeffler and gave the company a neutral rating in a research note on Friday, March 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €9.83 ($11.43).
SHA traded down €0.11 ($0.13) during trading on Wednesday, hitting €7.30 ($8.49). 1,116,485 shares of the stock were exchanged. Schaeffler has a 1-year low of €11.30 ($13.14) and a 1-year 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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