Schaeffler (FRA:SHA) Given a €9.00 Price Target at JPMorgan Chase & Co.


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Schaeffler (FRA:SHA) received a €9.00 ($10.59) target price from equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 21.87% from the company’s current price.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group set a €8.00 ($9.41) price target on shares of Schaeffler and gave the stock a “neutral” rating in a report on Monday, April 19th. 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. Nord/LB set a €6.30 ($7.41) target price on shares of Schaeffler and gave the company a “sell” rating in a research note on Friday, March 12th. Warburg Research set a €8.80 ($10.35) target price on shares of Schaeffler and gave the stock a “neutral” rating in a report on Tuesday, April 20th. Finally, Deutsche Bank Aktiengesellschaft set a €8.50 ($10.00) target price on shares of Schaeffler and gave the company a “neutral” rating in a research note on Tuesday, April 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Schaeffler presently has an average rating of “Hold” and a consensus price target of €7.55 ($8.88).

Shares of FRA SHA opened at €7.39 ($8.69) on Monday. Schaeffler has a 52 week low of €11.30 ($13.29) and a 52 week high of €16.74 ($19.69). The business has a 50-day simple moving average of €7.70 and a two-hundred day simple moving average of €6.74.

Schaeffler Company Profile

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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