Nord/LB set a €6.50 ($7.56) target price on Schaeffler (FRA:SHA) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts have also recently commented on SHA. Credit Suisse Group set a €10.50 ($12.21) target price on Schaeffler and gave the stock a buy rating in a research report on Thursday, May 9th. HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a buy rating in a report on Wednesday, May 22nd. DZ Bank reissued a neutral rating on shares of Schaeffler in a report on Tuesday, August 6th. UBS Group set a €6.00 ($6.98) price objective on Schaeffler and gave the company a sell rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a €7.30 ($8.49) price objective on Schaeffler and gave the company a sell rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Schaeffler has a consensus rating of Hold and a consensus target price of €8.71 ($10.13).
SHA stock traded down €0.14 ($0.16) during midday trading on Monday, hitting €6.05 ($7.03). The stock had a trading volume of 241,312 shares. Schaeffler has a 52 week low of €11.30 ($13.14) and a 52 week high of €16.74 ($19.47). The stock’s 50-day simple moving average is €6.47.
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.
See Also: Hold Rating
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