Schaeffler AG (FRA:SHA) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is €7.55 ($8.88).
Several research analysts have recently weighed in on the stock. Kepler Capital Markets set a €7.50 ($8.82) price target on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Tuesday, April 20th. Bank of America set a €8.40 ($9.88) price objective on Schaeffler and gave the stock a “neutral” rating in a research note on Friday, March 19th. Morgan Stanley set a €5.10 ($6.00) target price on shares of Schaeffler and gave the stock a “sell” rating in a report on Wednesday, February 17th. Berenberg Bank set a €7.90 ($9.29) price target on shares of Schaeffler and gave the company a “buy” rating in a report on Wednesday, January 27th. Finally, Oddo Bhf set a €8.00 ($9.41) price objective on shares of Schaeffler and gave the company a “buy” rating in a research report on Monday, January 25th.
Shares of FRA SHA traded up €0.04 ($0.05) during midday trading on Thursday, hitting €7.54 ($8.87). 635,641 shares of the company’s stock traded hands. The firm has a fifty day moving average of €7.69 and a 200 day moving average of €6.73. Schaeffler has a 1 year low of €11.30 ($13.29) and a 1 year high of €16.74 ($19.69).
Schaeffler Company Profile
Schaeffler AG, together with its subsidiaries, manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components.
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