Schaeffler (SHA) Given a €11.50 Price Target by Kepler Capital Markets Analysts

Kepler Capital Markets set a €11.50 ($13.37) target price on Schaeffler (FRA:SHA) in a research report released on Friday. The firm currently has a buy rating on the stock.

Several other analysts have also issued reports on SHA. Sanford C. Bernstein set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the company a neutral rating in a report on Monday, December 31st. DZ Bank restated a buy rating on shares of Schaeffler in a report on Thursday, December 27th. Warburg Research set a €18.00 ($20.93) price target on shares of Schaeffler and gave the stock a buy rating in a research note on Wednesday, September 19th. UBS Group set a €6.00 ($6.98) price target on shares of Schaeffler and gave the stock a sell rating in a research note on Thursday. Finally, JPMorgan Chase & Co. set a €7.50 ($8.72) price target on shares of Schaeffler and gave the stock a sell rating in a research note on Monday, January 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of €10.92 ($12.69).

SHA traded down €0.04 ($0.05) on Friday, hitting €7.58 ($8.81). The company had a trading volume of 1,963,521 shares. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year 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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