Deutsche Bank set a €8.00 ($9.30) price target on Schaeffler (FRA:SHA) in a research report report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other equities analysts have also issued reports about the company. DZ Bank restated a hold rating on shares of Continental in a research report on Friday, June 28th. JPMorgan Chase & Co. upgraded M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Bank of America set a €155.00 ($180.23) target price on Continental and gave the stock a buy rating in a research report on Tuesday, May 14th. Credit Suisse Group set a €38.00 ($44.19) price objective on Dialog Semiconductor and gave the company a buy rating in a report on Thursday, May 9th. Finally, HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a buy rating in a report on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Schaeffler currently has a consensus rating of Hold and a consensus price target of €9.24 ($10.75).
Schaeffler stock opened at €6.37 ($7.41) on Wednesday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47). The stock’s 50-day moving average is €6.54.
Schaeffler Company Profile
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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