Schaeffler (SHA) PT Set at €17.50 by Kepler Capital Markets
Other research analysts have also issued reports about the stock. Warburg Research set a €18.00 ($20.93) price objective on shares of Schaeffler and gave the company a buy rating in a research note on Tuesday, August 7th. Jefferies Financial Group set a €12.00 ($13.95) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, August 7th. UBS Group set a €11.50 ($13.37) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, July 10th. JPMorgan Chase & Co. set a €12.60 ($14.65) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Monday, July 9th. Finally, DZ Bank restated a buy rating on shares of Schaeffler in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of €14.63 ($17.01).
Shares of FRA:SHA opened at €11.61 ($13.50) on Wednesday. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47).
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.
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