UBS Group set a €6.00 ($6.98) price target on Schaeffler (FRA:SHA) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Other analysts have also issued reports about the company. Berenberg Bank set a €8.00 ($9.30) price objective on Schaeffler and gave the company a neutral rating in a report on Monday, February 18th. DZ Bank reissued a buy rating on shares of Schaeffler in a report on Tuesday, March 26th. JPMorgan Chase & Co. set a €7.50 ($8.72) price objective on Schaeffler and gave the company a sell rating in a report on Monday, April 8th. HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a buy rating in a report on Wednesday, February 13th. Finally, Morgan Stanley set a €10.00 ($11.63) price objective on Schaeffler and gave the company a neutral rating in a report on Friday, April 5th. Three investment 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’s stock. Schaeffler presently has a consensus rating of Hold and a consensus target price of €9.92 ($11.53).
Shares of SHA opened at €8.19 ($9.52) on Monday. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month 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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