equinet Analysts Give Schaeffler (SHA) a €13.20 Price Target

equinet set a €13.20 ($15.35) price objective on Schaeffler (FRA:SHA) in a research note released on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Kepler Capital Markets set a €16.50 ($19.19) price target on shares of Schaeffler and gave the stock a buy rating in a report on Friday, October 19th. JPMorgan Chase & Co. set a €13.50 ($15.70) price target on shares of Schaeffler and gave the stock a neutral rating in a report on Wednesday, October 17th. BNP Paribas set a €11.80 ($13.72) price target on shares of Schaeffler and gave the stock a neutral rating in a report on Tuesday, October 16th. Jefferies Financial Group set a €11.00 ($12.79) price target on shares of Schaeffler and gave the stock a neutral rating in a report on Friday, October 5th. Finally, Credit Suisse Group set a €17.00 ($19.77) price target on shares of Schaeffler and gave the stock a buy rating in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of €14.11 ($16.40).

Shares of Schaeffler stock opened at €9.33 ($10.85) on Monday. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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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