Schaeffler (FRA:SHA – Get Rating) has been given a €9.00 ($9.47) price objective by stock analysts at Deutsche Bank Rese… in a report issued on Wednesday, Borsen Zeitung reports. Deutsche Bank Rese…’s price objective points to a potential upside of 76.13% from the stock’s current price.
Several other research firms have also issued reports on SHA. JPMorgan Chase & Co. set a €8.00 ($8.42) target price on Schaeffler in a report on Tuesday. UBS Group set a €7.20 ($7.58) target price on Schaeffler in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a €9.00 ($9.47) target price on Schaeffler in a report on Wednesday, March 9th. Credit Suisse Group set a €6.00 ($6.32) target price on Schaeffler in a report on Wednesday, April 20th. Finally, Kepler Capital Markets set a €7.30 ($7.68) target price on Schaeffler in a report on Friday, January 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of €7.36 ($7.75).
SHA opened at €5.11 ($5.38) on Wednesday. Schaeffler has a 52-week low of €11.30 ($11.89) and a 52-week high of €16.74 ($17.62). The business’s 50-day simple moving average is €5.49 and its 200 day simple moving average is €6.53.
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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