Nord/LB set a €9.00 ($10.47) price target on Schaeffler (FRA:SHA) in a report published on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
SHA has been the topic of several other research reports. HSBC set a €9.00 ($10.47) price target on shares of Schaeffler and gave the company a buy rating in a research report on Tuesday, September 10th. Morgan Stanley set a €9.00 ($10.47) price target on shares of Schaeffler and gave the company a neutral rating in a research report on Friday, September 13th. UBS Group reissued a sell rating and issued a price target on shares of Schaeffler in a research report on Monday, November 4th. Bank of America set a €5.60 ($6.51) price target on shares of Schaeffler and gave the company a sell rating in a research report on Tuesday, October 15th. Finally, Kepler Capital Markets set a €10.50 ($12.21) price target on shares of Schaeffler and gave the company a buy rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Schaeffler presently has a consensus rating of Hold and a consensus target price of €8.54 ($9.93).
FRA SHA opened at €9.88 ($11.49) on Friday. The company’s 50 day moving average is €7.68 and its 200-day moving average is €6.95. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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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