Schaeffler (FRA:SHA) PT Set at €9.00 by Morgan Stanley
Schaeffler (FRA:SHA) has been given a €9.00 ($10.47) target price by stock analysts at Morgan Stanley in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 15.98% from the company’s previous close.
A number of other brokerages have also commented on SHA. Kepler Capital Markets set a €8.70 ($10.12) price target on shares of Schaeffler and gave the stock a “buy” rating in a report on Thursday. UBS Group set a €6.00 ($6.98) target price on shares of Schaeffler and gave the stock a “sell” rating in a research note on Monday, August 12th. HSBC set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a “buy” rating in a research note on Tuesday. DZ Bank reissued a “neutral” rating on shares of Schaeffler in a research note on Monday. Finally, Deutsche Bank set a €7.00 ($8.14) price target on shares of Schaeffler and gave the company a “neutral” rating in a research note on Wednesday, August 7th. 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. Schaeffler has a consensus rating of “Hold” and an average target price of €8.51 ($9.90).
Shares of FRA:SHA traded up €0.44 ($0.51) during mid-day trading on Friday, reaching €7.76 ($9.02). 1,186,103 shares of the company’s stock were exchanged. The business’s fifty day moving average price is €6.39 and its 200-day moving average price is €6.96. Schaeffler has a twelve month low of €11.30 ($13.14) and a twelve month 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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