Schaeffler (SHA) PT Set at €14.50 by Credit Suisse Group

Schaeffler (FRA:SHA) received a €14.50 ($16.86) price target from analysts at Credit Suisse Group in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 73.82% from the stock’s current price.

Several other research analysts have also recently weighed in on SHA. UBS Group set a €10.00 ($11.63) price target on shares of Schaeffler and gave the company a “sell” rating in a research report on Wednesday, September 19th. equinet set a €14.30 ($16.63) price target on shares of Schaeffler and gave the company a “buy” rating in a research report on Monday, September 24th. Berenberg Bank set a €12.00 ($13.95) price target on shares of Schaeffler and gave the company a “neutral” rating in a research report on Monday, September 24th. Kepler Capital Markets set a €17.50 ($20.35) price target on shares of Schaeffler and gave the company a “buy” rating in a research report on Wednesday, September 19th. Finally, Jefferies Financial Group set a €12.00 ($13.95) price target on shares of Schaeffler and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of €13.26 ($15.42).

Schaeffler stock opened at €8.34 ($9.70) on Thursday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).

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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