Schaeffler (FRA:SHA) PT Set at €6.00 by Credit Suisse Group

Schaeffler (FRA:SHAGet Rating) has been assigned a €6.00 ($6.45) target price by equities researchers at Credit Suisse Group in a research report issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target indicates a potential upside of 3.09% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Warburg Research set a €5.90 ($6.34) target price on Schaeffler in a report on Wednesday, March 9th. JPMorgan Chase & Co. set a €8.00 ($8.60) target price on Schaeffler in a report on Tuesday, April 5th. Jefferies Financial Group set a €6.00 ($6.45) target price on Schaeffler in a report on Thursday, April 7th. Berenberg Bank set a €8.80 ($9.46) target price on Schaeffler in a report on Wednesday, January 26th. Finally, Morgan Stanley set a €6.40 ($6.88) target price on Schaeffler in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of €7.33 ($7.88).

Shares of FRA:SHA opened at €5.82 ($6.26) on Wednesday. Schaeffler has a 1 year low of €11.30 ($12.15) and a 1 year high of €16.74 ($18.00). The stock has a 50-day simple moving average of €5.84 and a 200-day simple moving average of €6.69.

About Schaeffler (Get Rating)

Schaeffler AG, together with its subsidiaries, 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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