Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group set a €8.00 ($9.30) target price on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, December 4th. Berenberg Bank set a €8.00 ($9.30) target price on shares of Schaeffler and gave the company a neutral rating in a research note on Monday, February 18th. DZ Bank restated a buy rating on shares of Schaeffler in a research note on Wednesday, January 2nd. Morgan Stanley set a €10.50 ($12.21) target price on shares of Schaeffler and gave the company a neutral rating in a research note on Thursday, December 6th. Finally, UBS Group set a €7.00 ($8.14) target price on shares of Schaeffler and gave the company a sell rating in a research note on Friday, November 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €10.06 ($11.69).
SHA opened at €7.12 ($8.28) on Wednesday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week 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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