A number of other analysts also recently weighed in on the company. UBS Group set a €12.00 ($13.95) price target on Schaeffler and gave the company a neutral rating in a research note on Thursday. equinet set a €14.30 ($16.63) price target on Schaeffler and gave the company a buy rating in a research note on Thursday. DZ Bank restated a buy rating on shares of Schaeffler in a research note on Wednesday. Deutsche Bank set a €16.00 ($18.60) price target on Schaeffler and gave the company a neutral rating in a research note on Wednesday. Finally, Nord/LB set a €13.00 ($15.12) price target on Schaeffler and gave the company a neutral rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of €14.91 ($17.34).
Schaeffler opened at €12.02 ($13.98) on Thursday, MarketBeat reports. Schaeffler has a 1-year low of €11.30 ($13.14) and a 1-year 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.
See Also: Leveraged Buyout (LBO)
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