HSBC set a €10.50 ($12.21) price target on Schaeffler (FRA:SHA) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. set a €7.30 ($8.49) target price on Schaeffler and gave the company a sell rating in a report on Tuesday, November 5th. DZ Bank reaffirmed a neutral rating on shares of Schaeffler in a report on Tuesday, November 5th. Kepler Capital Markets set a €10.50 ($12.21) target price on Schaeffler and gave the company a buy rating in a report on Wednesday, November 6th. Jefferies Financial Group set a €7.00 ($8.14) target price on Schaeffler and gave the company a neutral rating in a report on Tuesday, November 5th. Finally, Deutsche Bank set a €7.00 ($8.14) price objective on Schaeffler and gave the company a neutral rating in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €8.61 ($10.01).
SHA stock opened at €10.06 ($11.70) on Thursday. The business has a 50 day moving average of €7.92 and a 200-day moving average of €7.00. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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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