UBS Group set a €6.00 ($6.98) price target on Schaeffler (FRA:SHA) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other analysts have also recently commented on SHA. Credit Suisse Group set a €10.50 ($12.21) target price on shares of Schaeffler and gave the stock a buy rating in a research note on Thursday, May 9th. Bank of America set a €6.80 ($7.91) target price on shares of Schaeffler and gave the stock a sell rating in a research note on Tuesday, May 14th. Sanford C. Bernstein set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a neutral rating in a research note on Wednesday, May 8th. Deutsche Bank set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Wednesday, August 7th. Finally, DZ Bank reiterated a neutral rating on shares of Schaeffler in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Schaeffler has a consensus rating of Hold and an average target price of €8.71 ($10.13).
SHA stock opened at €5.82 ($6.77) on Monday. Schaeffler has a one year low of €11.30 ($13.14) and a one year high of €16.74 ($19.47). The company has a fifty day moving average of €6.45 and a 200-day moving average of €7.14.
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.
Featured Article: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.