HSBC Analysts Give Schaeffler (FRA:SHA) a €10.50 Price Target

HSBC set a €10.50 ($12.21) price target on Schaeffler (FRA:SHA) in a research note released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Bank of America set a €5.60 ($6.51) price target on shares of Schaeffler and gave the stock a sell rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. set a €7.30 ($8.49) price target on shares of Schaeffler and gave the stock a sell rating in a report on Tuesday, November 5th. Oddo Bhf set a €9.00 ($10.47) price target on shares of Schaeffler and gave the stock a neutral rating in a report on Wednesday, November 6th. UBS Group reissued a sell rating and issued a price target on shares of Schaeffler in a report on Monday, November 4th. Finally, Jefferies Financial Group set a €7.00 ($8.14) price target on shares of Schaeffler and gave the stock a neutral rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of €8.61 ($10.01).

Shares of FRA:SHA traded up €0.05 ($0.06) during midday trading on Thursday, reaching €10.20 ($11.86). The company had a trading volume of 832,375 shares. The company’s 50 day moving average price is €7.92 and its 200 day moving average price is €7.00. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).

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.

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Analyst Recommendations for Schaeffler (FRA:SHA)

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