Deutsche Bank set a €10.00 ($11.63) price target on Schaeffler (FRA:SHA) in a research note published on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on SHA. Bank of America set a €6.70 ($7.79) price objective on shares of Schaeffler and gave the stock a sell rating in a report on Wednesday, April 3rd. Kepler Capital Markets set a €10.60 ($12.33) price objective on shares of Schaeffler and gave the stock a buy rating in a report on Wednesday, April 10th. Sanford C. Bernstein set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the stock a neutral rating in a report on Monday, December 31st. Nord/LB set a €7.50 ($8.72) price objective on shares of Schaeffler and gave the stock a neutral rating in a report on Monday, March 25th. Finally, DZ Bank reiterated a buy rating on shares of Schaeffler in a research report on Thursday, December 27th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Schaeffler currently has an average rating of Hold and a consensus target price of €9.92 ($11.53).
FRA:SHA opened at €8.20 ($9.53) on Friday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week 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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