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

Schaeffler AG (FRA:SHA) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is €7.98 ($9.39).

Several research firms recently weighed in on SHA. Jefferies Financial Group set a €8.80 ($10.35) price objective on shares of Schaeffler in a research note on Wednesday, August 4th. Kepler Capital Markets set a €8.30 ($9.76) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Monday, June 28th. Nord/LB set a €6.50 ($7.65) target price on shares of Schaeffler in a report on Friday, August 6th. Warburg Research set a €9.00 ($10.59) target price on shares of Schaeffler in a report on Monday, July 5th. Finally, JPMorgan Chase & Co. set a €9.00 ($10.59) price objective on shares of Schaeffler in a report on Wednesday, August 4th.

Shares of FRA SHA traded down €0.14 ($0.16) during mid-day trading on Wednesday, hitting €6.98 ($8.21). The company’s stock had a trading volume of 875,957 shares. Schaeffler has a one year low of €11.30 ($13.29) and a one year high of €16.74 ($19.69). The company’s fifty day simple moving average is €7.32 and its 200-day simple moving average is €7.54.

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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