UBS Group set a €6.00 ($6.98) price target on Schaeffler (FRA:SHA) in a report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other research analysts also recently commented on SHA. Bank of America set a €5.40 ($6.28) price target on Schaeffler and gave the stock a sell rating in a research report on Friday, August 23rd. Nord/LB set a €6.50 ($7.56) price objective on Schaeffler and gave the company a neutral rating in a research report on Monday, August 12th. HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a buy rating in a research report on Tuesday, September 10th. DZ Bank restated a neutral rating on shares of Schaeffler in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. set a €7.30 ($8.49) price objective on Schaeffler and gave the company a sell rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Schaeffler has a consensus rating of Hold and an average price target of €8.45 ($9.83).
Shares of FRA SHA opened at €7.49 ($8.71) on Tuesday. The business’s 50 day moving average is €6.85 and its two-hundred day moving average is €6.90. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47).
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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