Schaeffler (FRA:SHA) Given a €6.00 Price Target at UBS Group
UBS Group set a €6.00 ($6.98) price objective on Schaeffler (FRA:SHA) in a research note released on Monday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other analysts have also issued research reports about the stock. Kepler Capital Markets reiterated a hold rating on shares of Continental in a research report on Friday, June 28th. Warburg Research set a €21.50 ($25.00) price target on shares of Infineon Technologies and gave the stock a neutral rating in a research report on Tuesday, June 18th. DZ Bank reiterated a hold rating on shares of Continental in a research report on Friday, June 28th. JPMorgan Chase & Co. reduced their price target on shares of from GBX 97 ($1.27) to GBX 89 ($1.16) and set a neutral rating on the stock in a research report on Monday, June 17th. Finally, Deutsche Bank lowered shares of Mitsubishi Motors from a buy rating to a hold rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of €9.24 ($10.75).
FRA SHA opened at €6.42 ($7.46) on Monday. The stock’s 50 day moving average price is €6.54. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year 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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