Schaeffler (FRA:SHA) has been assigned a €14.00 ($16.67) price target by stock analysts at Jefferies Group in a note issued to investors on Thursday, November 30th. The firm currently has a “neutral” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 1.37% from the company’s previous close.
A number of other research firms have also recently issued reports on SHA. UBS set a €10.00 ($11.90) price target on shares of Schaeffler and gave the company a “sell” rating in a research note on Monday, August 7th. J P Morgan Chase & Co set a €11.20 ($13.33) price target on shares of Schaeffler and gave the company a “sell” rating in a research note on Thursday, August 10th. Citigroup set a €14.00 ($16.67) price target on shares of Schaeffler and gave the company a “neutral” rating in a research note on Friday, August 11th. Berenberg Bank set a €12.00 ($14.29) price objective on Schaeffler and gave the company a “neutral” rating in a report on Friday, August 25th. Finally, BNP Paribas set a €15.50 ($18.45) price objective on Schaeffler and gave the company a “buy” rating in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Schaeffler presently has a consensus rating of “Hold” and a consensus target price of €14.33 ($17.06).
Shares of Schaeffler (FRA:SHA) opened at €14.20 ($16.90) on Thursday. Schaeffler has a one year low of €11.30 ($13.45) and a one year high of €16.60 ($19.76).
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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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