Kepler Capital Markets set a €8.70 ($10.12) target price on Schaeffler (FRA:SHA) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other analysts have also issued reports on SHA. 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. JPMorgan Chase & Co. set a €7.30 ($8.49) target price on shares of Schaeffler and gave the stock a sell rating in a research note on Monday, September 2nd. DZ Bank reiterated a neutral rating on shares of Schaeffler in a research note on Monday. Nord/LB set a €6.50 ($7.56) target price on shares of Schaeffler and gave the stock a neutral rating in a research note on Monday, August 12th. Finally, Bank of America set a €5.40 ($6.28) target price on shares of Schaeffler and gave the stock a sell rating in a research note on Friday, August 23rd. 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. The stock presently has a consensus rating of Hold and a consensus target price of €8.51 ($9.90).
Shares of FRA SHA traded up €0.38 ($0.44) during trading on Thursday, hitting €7.70 ($8.96). The stock had a trading volume of 1,495,186 shares. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47). The firm has a fifty day moving average of €6.39 and a two-hundred day moving average of €6.96.
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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