Schaeffler (SHA) Given a €9.00 Price Target by HSBC Analysts

HSBC set a €9.00 ($10.47) target price on Schaeffler (FRA:SHA) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

SHA has been the topic of several other research reports. Sanford C. Bernstein set a €9.00 ($10.47) target price on Schaeffler and gave the stock a neutral rating in a research report on Wednesday, March 6th. Bank of America set a €6.70 ($7.79) price objective on Schaeffler and gave the stock a sell rating in a research report on Wednesday, April 3rd. UBS Group set a €6.00 ($6.98) price objective on Schaeffler and gave the stock a sell rating in a research report on Monday, April 15th. Nord/LB set a €7.50 ($8.72) price objective on Schaeffler and gave the stock a neutral rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank set a €10.00 ($11.63) price objective on Schaeffler and gave the stock a neutral rating in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of €9.49 ($11.04).

FRA:SHA opened at €6.73 ($7.82) on Wednesday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47).

Schaeffler Company Profile

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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