Jefferies Financial Group set a €8.00 ($9.41) price target on Schaeffler (FRA:SHA) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
SHA has been the topic of several other research reports. Berenberg Bank set a €7.90 ($9.29) target price on Schaeffler and gave the stock a buy rating in a report on Wednesday, January 27th. UBS Group set a €6.60 ($7.76) target price on Schaeffler and gave the stock a neutral rating in a report on Thursday, April 15th. Morgan Stanley set a €5.10 ($6.00) target price on Schaeffler and gave the stock a sell rating in a report on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft set a €8.50 ($10.00) target price on Schaeffler and gave the stock a neutral rating in a report on Tuesday, April 20th. Finally, Kepler Capital Markets set a €7.50 ($8.82) target price on Schaeffler and gave the stock a neutral rating in a report on Tuesday, April 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of €7.65 ($8.99).
Shares of Schaeffler stock opened at €7.40 ($8.70) on Wednesday. The stock’s 50-day moving average is €7.76 and its 200-day moving average is €6.84. Schaeffler has a one year low of €11.30 ($13.29) and a one year high of €16.74 ($19.69).
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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