Schaeffler (FRA:SHA) received a €7.50 ($8.72) target price from research analysts at Nord/LB in a report issued on Wednesday, May 8th, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Nord/LB’s price objective indicates a potential upside of 14.02% from the company’s previous close.
Other equities analysts have also issued reports about the stock. UBS Group set a €6.00 ($6.98) price objective on shares of Schaeffler and gave the company a “sell” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. set a €7.50 ($8.72) price objective on shares of Schaeffler and gave the company a “sell” rating in a research report on Wednesday, May 8th. Sanford C. Bernstein set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Berenberg Bank set a €8.00 ($9.30) price objective on shares of Schaeffler and gave the company a “neutral” rating in a research report on Monday, February 18th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Schaeffler in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Schaeffler presently has an average rating of “Hold” and an average target price of €9.49 ($11.04).
Shares of Schaeffler stock opened at €6.58 ($7.65) on Wednesday. Schaeffler has a 52 week low of €11.30 ($13.14) and a 52 week high of €16.74 ($19.47).
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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