Jefferies Group Reiterates “€14.00” Price Target for Schaeffler (SHA)

Jefferies Group set a €14.00 ($16.67) target price on Schaeffler (FRA:SHA) in a report released on Thursday morning. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. UBS set a €10.00 ($11.90) target price on Schaeffler and gave the stock a sell rating in a research report on Wednesday, November 8th. Deutsche Bank set a €17.00 ($20.24) target price on Schaeffler and gave the stock a buy rating in a research report on Thursday, November 9th. Nord/LB set a €13.50 ($16.07) target price on Schaeffler and gave the stock a neutral rating in a research report on Wednesday, November 8th. Kepler Capital Markets set a €17.50 ($20.83) target price on Schaeffler and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, DZ Bank restated a neutral rating on shares of Schaeffler in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €14.35 ($17.09).

Schaeffler (FRA SHA) opened at €14.32 ($17.05) on Thursday. Schaeffler has a 52-week low of €11.30 ($13.45) and a 52-week high of €16.60 ($19.76).

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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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