Credit Suisse Group set a €6.00 ($6.32) target price on Schaeffler (FRA:SHA – Get Rating) in a research note issued to investors on Wednesday, Borsen Zeitung reports.
Other equities analysts also recently issued reports about the stock. Deutsche Bank Rese… set a €9.00 ($9.47) target price on shares of Schaeffler in a report on Wednesday. UBS Group set a €7.20 ($7.58) price target on shares of Schaeffler in a research note on Tuesday. Jefferies Financial Group set a €6.00 ($6.32) price target on shares of Schaeffler in a research note on Thursday, April 7th. JPMorgan Chase & Co. set a €8.00 ($8.42) price target on shares of Schaeffler in a research note on Tuesday. Finally, Kepler Capital Markets set a €7.30 ($7.68) price target on shares of Schaeffler in a research note on Friday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of €7.36 ($7.75).
FRA:SHA opened at €5.40 ($5.68) on Wednesday. The firm has a 50-day moving average price of €5.48 and a two-hundred day moving average price of €6.52. Schaeffler has a twelve month low of €11.30 ($11.89) and a twelve month high of €16.74 ($17.62).
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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