Nord/LB set a €7.50 ($8.72) price target on Schaeffler (FRA:SHA) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research analysts have also recently issued reports on SHA. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the stock a buy rating in a research report on Wednesday, February 13th. Berenberg Bank set a €8.00 ($9.30) price target on Schaeffler and gave the stock a neutral rating in a report on Monday, February 18th. Kepler Capital Markets set a €11.50 ($13.37) price target on Schaeffler and gave the stock a buy rating in a report on Wednesday, March 6th. DZ Bank reissued a neutral rating on shares of Schaeffler in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. set a €7.50 ($8.72) price target on Schaeffler and gave the stock a sell rating in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Schaeffler currently has an average rating of Hold and an average price target of €9.83 ($11.43).
FRA SHA opened at €7.31 ($8.50) on Wednesday. Schaeffler has a one year low of €11.30 ($13.14) and a one 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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