Schaeffler AG (FRA:SHA) Receives €7.98 Average Price Target from Analysts

Schaeffler AG (FRA:SHA) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is €7.98 ($9.39).

A number of brokerages recently weighed in on SHA. DZ Bank reissued a “buy” rating on shares of Schaeffler in a report on Tuesday, May 18th. JPMorgan Chase & Co. set a €9.00 ($10.59) price objective on Schaeffler in a report on Wednesday, August 4th. Warburg Research set a €9.00 ($10.59) price target on Schaeffler in a research note on Monday, July 5th. Jefferies Financial Group set a €8.80 ($10.35) price target on Schaeffler in a research note on Wednesday, August 4th. Finally, UBS Group set a €7.20 ($8.47) price target on Schaeffler and gave the stock a “neutral” rating in a research note on Thursday, May 27th.

FRA SHA traded down €0.14 ($0.16) during trading hours on Wednesday, hitting €6.98 ($8.21). The company had a trading volume of 875,957 shares. The firm has a 50 day simple moving average of €7.32 and a 200 day simple moving average of €7.54. Schaeffler has a 52 week low of €11.30 ($13.29) and a 52 week high of €16.74 ($19.69).

About Schaeffler

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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