JPMorgan Chase & Co. set a €6.20 ($7.21) price target on Schaeffler (FRA:SHA) in a research report released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on SHA. Nord/LB set a €7.00 ($8.14) price target on shares of Schaeffler and gave the company a neutral rating in a report on Friday, March 20th. UBS Group set a €4.40 ($5.12) price objective on shares of Schaeffler and gave the stock a sell rating in a research note on Thursday, March 19th. DZ Bank restated a neutral rating on shares of Schaeffler in a research report on Wednesday, March 11th. Kepler Capital Markets set a €10.00 ($11.63) target price on shares of Schaeffler and gave the company a neutral rating in a research note on Friday, January 17th. Finally, Warburg Research set a €12.00 ($13.95) target price on shares of Schaeffler and gave the company a buy rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of €7.54 ($8.77).

Schaeffler stock opened at €5.60 ($6.51) on Monday. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month high of €16.74 ($19.47). The firm has a 50 day moving average of €7.62 and a 200 day moving average of €8.52.

About Schaeffler

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.

Further Reading: Price-Sales Ratio

Analyst Recommendations for Schaeffler (FRA:SHA)

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