Schaeffler (FRA:SHA) Given a €8.40 Price Target by Pareto Securities Analysts

Pareto Securities set a €8.40 ($9.77) price target on Schaeffler (FRA:SHA) in a research note published on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on SHA. Kepler Capital Markets set a €8.70 ($10.12) price objective on shares of Schaeffler and gave the company a buy rating in a research note on Thursday, September 12th. Nord/LB set a €6.50 ($7.56) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Monday, August 12th. Bank of America set a €5.60 ($6.51) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Tuesday. Jefferies Financial Group set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. set a €7.30 ($8.49) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of €8.25 ($9.59).

FRA SHA traded down €0.01 ($0.01) during trading on Friday, reaching €7.79 ($9.06). The company’s stock had a trading volume of 775,521 shares. Schaeffler has a twelve month low of €11.30 ($13.14) and a twelve month high of €16.74 ($19.47). The business’s fifty day moving average price is €7.09 and its 200-day moving average price is €6.92.

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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