Schaeffler (FRA:SHA) PT Set at €7.20 by UBS Group

Schaeffler (FRA:SHAGet Rating) received a €7.20 ($7.58) price target from analysts at UBS Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. UBS Group’s price objective would suggest a potential upside of 44.35% from the company’s previous close.

A number of other brokerages have also commented on SHA. Warburg Research set a €6.30 ($6.63) price target on Schaeffler in a research note on Tuesday. JPMorgan Chase & Co. set a €8.00 ($8.42) target price on shares of Schaeffler in a report on Tuesday. Kepler Capital Markets set a €7.30 ($7.68) price target on shares of Schaeffler in a research note on Friday, January 21st. Jefferies Financial Group set a €6.00 ($6.32) price objective on shares of Schaeffler in a research note on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft set a €9.00 ($9.47) target price on Schaeffler in a research report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Schaeffler has an average rating of “Hold” and a consensus target price of €7.36 ($7.75).

Shares of FRA SHA traded up €0.06 ($0.06) during mid-day trading on Tuesday, hitting €4.99 ($5.25). 814,306 shares of the stock traded hands. Schaeffler has a twelve month low of €11.30 ($11.89) and a twelve month high of €16.74 ($17.62). The firm has a 50 day simple moving average of €5.50 and a two-hundred day simple moving average of €6.54.

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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