Schaeffler (SHA) PT Set at €6.00 by UBS Group

Schaeffler (FRA:SHA) received a €6.00 ($6.98) target price from stock analysts at UBS Group in a research report issued on Thursday, www.boersen-zeitung.de reports. The firm currently has a “sell” rating on the stock. UBS Group’s price objective suggests a potential downside of 20.80% from the company’s current price.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. set a €7.50 ($8.72) price objective on shares of Schaeffler and gave the stock a “sell” rating in a report on Monday, January 7th. DZ Bank reaffirmed a “buy” rating on shares of Schaeffler in a report on Wednesday, January 2nd. Sanford C. Bernstein set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a report on Monday, December 31st. Bank of America set a €6.80 ($7.91) price objective on shares of Schaeffler and gave the stock a “sell” rating in a report on Tuesday, December 11th. Finally, Morgan Stanley set a €10.50 ($12.21) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a report on Thursday, December 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Schaeffler presently has a consensus rating of “Hold” and a consensus target price of €10.92 ($12.69).

FRA SHA opened at €7.58 ($8.81) on Thursday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).

About Schaeffler

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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