Schaeffler (FRA:SHA) Given a €6.00 Price Target at UBS Group

UBS Group set a €6.00 ($6.98) price target on Schaeffler (FRA:SHA) in a research note published on Monday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Several other equities research analysts also recently issued reports on SHA. DZ Bank reiterated a neutral rating on shares of Schaeffler in a research note on Tuesday, August 6th. Deutsche Bank set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the stock a neutral rating in a research note on Wednesday, August 7th. Warburg Research set a €7.80 ($9.07) price objective on shares of Schaeffler and gave the stock a neutral rating in a research note on Friday, August 9th. Credit Suisse Group set a €10.50 ($12.21) price objective on shares of Schaeffler and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, Sanford C. Bernstein set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a neutral rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of €8.71 ($10.13).

SHA opened at €5.82 ($6.77) on Monday. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47). The company has a 50 day moving average of €6.45 and a two-hundred day moving average of €7.14.

About Schaeffler

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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