Kepler Capital Markets set a €9.50 ($11.05) price target on Schaeffler (FRA:SHA) in a research report released on Friday, June 28th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other analysts have also recently issued reports on SHA. Credit Suisse Group set a €38.00 ($44.19) price objective on shares of Dialog Semiconductor and gave the company a buy rating in a research note on Thursday, May 9th. UBS Group set a €6.00 ($6.98) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Monday, May 27th. Morgan Stanley reissued an underweight rating and set a C$18.00 price objective on shares of WestJet Airlines in a research note on Friday, April 5th. Sanford C. Bernstein restated a sell rating on shares of Linde in a report on Wednesday, May 8th. Finally, Warburg Research set a €21.50 ($25.00) target price on shares of Infineon Technologies and gave the company a neutral rating in a report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Schaeffler presently has a consensus rating of Hold and a consensus price target of €9.24 ($10.75).
Shares of FRA SHA traded up €0.22 ($0.26) during trading on Friday, hitting €6.36 ($7.40). 762,974 shares of the company traded hands. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47). The stock has a 50-day moving average of €6.49.
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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