JPMorgan Chase & Co. set a €11.00 ($12.79) price target on Schaeffler (FRA:SHA) in a report released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently commented on SHA. DZ Bank reiterated a neutral rating on shares of Schaeffler in a research report on Wednesday, January 22nd. UBS Group reiterated a sell rating and set a price target on shares of Schaeffler in a research report on Monday, November 4th. Kepler Capital Markets set a €10.00 ($11.63) price target on shares of Schaeffler and gave the company a neutral rating in a research report on Friday, January 17th. Jefferies Financial Group set a €9.00 ($10.47) price target on shares of Schaeffler and gave the company a neutral rating in a research report on Tuesday, January 21st. Finally, Bank of America set a €5.60 ($6.51) price target on shares of Schaeffler and gave the company a sell rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €8.89 ($10.33).

Shares of FRA SHA opened at €9.50 ($11.05) on Monday. Schaeffler has a one year low of €11.30 ($13.14) and a one year high of €16.74 ($19.47). The firm’s 50 day simple moving average is €9.49 and its two-hundred day simple moving average is €8.32.

Schaeffler Company Profile

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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