Schaeffler (FRA:SHA) received a €9.00 ($10.47) price target from Citigroup in a report issued on Thursday. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 15.95% from the company’s current price.
Other equities analysts also recently issued reports about the company. DZ Bank reaffirmed a “buy” rating on shares of Schaeffler in a research report on Wednesday, August 8th. Oddo Bhf set a €15.50 ($18.02) target price on Schaeffler and gave the company a “buy” rating in a research report on Thursday, August 9th. equinet set a €14.30 ($16.63) target price on Schaeffler and gave the company a “buy” rating in a research report on Thursday, August 9th. Warburg Research set a €18.00 ($20.93) target price on Schaeffler and gave the company a “buy” rating in a research report on Tuesday, August 7th. Finally, Kepler Capital Markets set a €17.50 ($20.35) target price on Schaeffler and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €12.48 ($14.51).
FRA SHA opened at €7.76 ($9.03) on Thursday. 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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