Brokerages Set Schaeffler AG (SHA) PT at $14.77
Schaeffler AG (FRA:SHA) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is €14.77 ($17.38).
A number of research analysts have weighed in on the stock. UBS AG set a €13.00 ($15.29) price objective on shares of Schaeffler AG and gave the company a “sell” rating in a research report on Wednesday, May 31st. J P Morgan Chase & Co reiterated a “sell” rating on shares of Schaeffler AG in a research report on Wednesday, August 16th. Citigroup Inc. set a €14.00 ($16.47) price objective on shares of Schaeffler AG and gave the company a “neutral” rating in a research report on Friday, August 11th. HSBC Holdings plc set a €18.00 ($21.18) price objective on shares of Schaeffler AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Deutsche Bank AG set a €18.00 ($21.18) price objective on shares of Schaeffler AG and gave the company a “buy” rating in a research report on Monday, May 29th.
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Schaeffler AG (FRA:SHA) traded down 1.221% during midday trading on Friday, hitting €11.411. 10,437 shares of the stock traded hands. The firm’s 50-day moving average is €12.19 and its 200-day moving average is €14.50. The company has a market cap of €7.60 billion and a price-to-earnings ratio of 8.943. Schaeffler AG has a 52-week low of €11.30 and a 52-week high of €16.60.
About Schaeffler AG
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