Schaeffler (FRA:SHA) Given a €7.00 Price Target by UBS Group Analysts
UBS Group set a €7.00 ($7.87) price target on Schaeffler (FRA:SHA) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other research analysts have also issued reports about the stock. Kepler Capital Markets set a €7.50 ($8.43) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Thursday, May 7th. Morgan Stanley set a €6.25 ($7.02) price objective on Schaeffler and gave the company a sell rating in a research note on Friday, May 29th. JPMorgan Chase & Co. set a €7.50 ($8.43) price target on Schaeffler and gave the stock a buy rating in a research note on Wednesday, July 1st. Deutsche Bank set a €6.00 ($6.74) price objective on shares of Schaeffler and gave the company a neutral rating in a research report on Thursday, May 7th. Finally, Nord/LB set a €6.00 ($6.74) price objective on shares of Schaeffler and gave the stock a neutral rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €7.51 ($8.44).
Shares of SHA opened at €6.60 ($7.41) on Friday. The company’s 50 day simple moving average is €6.81 and its 200-day simple moving average is €7.44. Schaeffler has a 12-month low of €11.30 ($12.70) and a 12-month high of €16.74 ($18.81).
Schaeffler AG 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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