Schaeffler (FRA:SHA) Given a €5.20 Price Target by Jefferies Financial Group Analysts

Schaeffler (FRA:SHAGet Rating) has been given a €5.20 ($5.20) price target by Jefferies Financial Group in a note issued to investors on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s price target points to a potential downside of 17.00% from the company’s current price.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. set a €6.50 ($6.50) target price on shares of Schaeffler in a research report on Tuesday. UBS Group set a €4.90 ($4.90) target price on shares of Schaeffler in a research report on Monday, October 10th. Berenberg Bank set a €6.60 ($6.60) price target on shares of Schaeffler in a research note on Tuesday, October 11th. DZ Bank set a €6.50 ($6.50) price target on shares of Schaeffler in a research note on Tuesday, August 9th. Finally, Credit Suisse Group set a €6.00 ($6.00) price target on shares of Schaeffler in a research note on Thursday, October 20th.

Schaeffler Stock Up 0.6 %

Shares of FRA:SHA opened at €6.27 ($6.27) on Tuesday. Schaeffler has a fifty-two week low of €11.30 ($11.30) and a fifty-two week high of €16.74 ($16.74). The firm has a 50-day simple moving average of €5.07 and a 200 day simple moving average of €5.40.

About Schaeffler

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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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