Schaeffler (FRA:SHA) Given a €8.00 Price Target by Deutsche Bank Aktiengesellschaft Analysts

Schaeffler (FRA:SHA – Get Rating) received a €8.00 ($8.51) price objective from research analysts at Deutsche Bank Aktiengesellschaft in a report released on Wednesday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 14.20% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank set a €7.30 ($7.77) price objective on shares of Schaeffler in a research report on Thursday, January 26th. UBS Group set a €6.20 ($6.60) price objective on shares of Schaeffler in a research report on Wednesday. Jefferies Financial Group set a €6.00 ($6.38) price objective on shares of Schaeffler in a research report on Tuesday. JPMorgan Chase & Co. set a €7.50 ($7.98) target price on shares of Schaeffler in a research note on Tuesday. Finally, Warburg Research set a €7.70 ($8.19) price target on Schaeffler in a report on Wednesday.

Schaeffler Stock Up 0.5 %

SHA stock opened at €7.01 ($7.45) on Wednesday. The firm’s fifty day simple moving average is €6.62 and its 200-day simple moving average is €5.95. Schaeffler has a 12 month low of €11.30 ($12.02) and a 12 month high of €16.74 ($17.81).

Schaeffler Company Profile

(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.