Schaeffler (FRA:SHA) Given a €10.50 Price Target at HSBC

HSBC set a €10.50 ($12.21) price objective on Schaeffler (FRA:SHA) in a report published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. DZ Bank reissued a neutral rating on shares of Schaeffler in a research note on Tuesday, November 5th. Bank of America set a €5.60 ($6.51) price objective on Schaeffler and gave the company a sell rating in a research note on Tuesday, October 15th. Jefferies Financial Group set a €7.00 ($8.14) price objective on Schaeffler and gave the company a neutral rating in a research note on Tuesday, November 5th. Oddo Bhf set a €9.00 ($10.47) price objective on Schaeffler and gave the company a neutral rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank set a €7.00 ($8.14) price objective on Schaeffler and gave the company a neutral rating in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Schaeffler has a consensus rating of Hold and a consensus target price of €8.61 ($10.01).

FRA SHA traded up €0.05 ($0.06) on Thursday, reaching €10.20 ($11.86). 832,375 shares of the company’s stock traded hands. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47). The stock has a 50-day simple moving average of €7.92 and a 200 day simple moving average of €7.00.

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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