Deutsche Bank set a €8.00 ($9.30) price objective on Schaeffler (FRA:SHA) in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently weighed in on SHA. UBS Group increased their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company a neutral rating in a research report on Monday. Nord/LB set a €8.50 ($9.88) price target on shares of Commerzbank and gave the company a neutral rating in a research report on Wednesday, May 8th. Sanford C. Bernstein reissued a sell rating on shares of Linde in a research report on Wednesday, May 8th. Credit Suisse Group set a €38.00 ($44.19) price target on shares of Dialog Semiconductor and gave the company a buy rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of €9.24 ($10.75).
SHA traded down €0.08 ($0.09) during trading on Wednesday, hitting €6.15 ($7.16). 1,623,114 shares of the stock traded hands. The company has a 50-day moving average price of €6.54. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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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