Shares of Schaeffler AG (FRA:SHA) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is €7.55 ($8.88).
Several research firms have recently issued reports on SHA. Bank of America set a €8.40 ($9.88) price target on shares of Schaeffler and gave the company a “neutral” rating in a research report on Friday, March 19th. Morgan Stanley set a €5.10 ($6.00) price target on Schaeffler and gave the stock a “sell” rating in a report on Wednesday, February 17th. Berenberg Bank set a €7.90 ($9.29) price target on Schaeffler and gave the company a “buy” rating in a research report on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft set a €8.50 ($10.00) price objective on Schaeffler and gave the stock a “neutral” rating in a report on Tuesday, April 20th. Finally, Oddo Bhf set a €8.00 ($9.41) target price on Schaeffler and gave the company a “buy” rating in a report on Monday, January 25th.
FRA SHA traded up €0.04 ($0.05) during trading on Thursday, hitting €7.54 ($8.87). 635,641 shares of the company’s stock traded hands. Schaeffler has a 12-month low of €11.30 ($13.29) and a 12-month high of €16.74 ($19.69). The business has a 50 day moving average of €7.69 and a 200-day moving average of €6.73.
Schaeffler AG, together with its subsidiaries, manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components.
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