Nord/LB set a €6.50 ($7.56) price target on Schaeffler (FRA:SHA) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently issued reports on SHA. Deutsche Bank set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Wednesday, August 7th. HSBC set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the company a buy rating in a research note on Wednesday, May 22nd. Bank of America set a €6.80 ($7.91) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Tuesday, May 14th. Credit Suisse Group set a €10.50 ($12.21) price objective on shares of Schaeffler and gave the company a buy rating in a research note on Thursday, May 9th. Finally, Warburg Research set a €7.80 ($9.07) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of €8.71 ($10.13).
Shares of FRA SHA opened at €5.82 ($6.77) on Monday. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month high of €16.74 ($19.47). The company has a 50-day moving average of €6.45 and a 200 day moving average of €7.14.
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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