DZ Bank Reaffirms “Neutral” Rating for Schaeffler (FRA:SHA)
Schaeffler (FRA:SHA)‘s stock had its “neutral” rating reiterated by equities researchers at DZ Bank in a research note issued to investors on Thursday, Borsen Zeitung reports.
Several other research analysts have also issued reports on SHA. JPMorgan Chase & Co. set a €6.20 ($7.21) target price on Schaeffler and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group set a €5.50 ($6.40) price target on shares of Schaeffler and gave the company a “neutral” rating in a research note on Wednesday. Warburg Research set a €10.00 ($11.63) price target on shares of Schaeffler and gave the company a “buy” rating in a research note on Wednesday. Kepler Capital Markets set a €6.20 ($7.21) price target on shares of Schaeffler and gave the company a “neutral” rating in a research note on Thursday. Finally, Deutsche Bank set a €7.00 ($8.14) price target on shares of Schaeffler and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Schaeffler has a consensus rating of “Hold” and an average price target of €7.54 ($8.77).
Shares of FRA:SHA traded down €0.06 ($0.07) during trading hours on Thursday, hitting €5.62 ($6.54). 588,419 shares of the company’s stock traded hands. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47). The business has a fifty day moving average price of €7.62 and a 200-day moving average price of €8.52.
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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