Schaeffler (FRA:SHA) received a €15.50 ($18.45) price objective from equities researchers at Morgan Stanley in a report released on Thursday. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 1.27% from the stock’s previous close.
Several other equities analysts have also recently weighed in on SHA. JPMorgan Chase & Co. set a €11.20 ($13.33) target price on shares of Schaeffler and gave the company a “sell” rating in a research note on Wednesday, September 13th. Deutsche Bank reaffirmed a “buy” rating on shares of Schaeffler in a research note on Friday, September 15th. UBS Group set a €10.00 ($11.90) target price on shares of Schaeffler and gave the company a “sell” rating in a research note on Wednesday, October 11th. BNP Paribas set a €16.00 ($19.05) target price on shares of Schaeffler and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Goldman Sachs Group set a €15.40 ($18.33) target price on shares of Schaeffler and gave the company a “buy” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €14.58 ($17.36).
Schaeffler (SHA) traded down €0.12 ($0.14) on Thursday, reaching €15.31 ($18.22). 633,376 shares of the company traded hands. The stock has a market capitalization of $2,540.00 and a PE ratio of 10.41. Schaeffler has a 52 week low of €11.30 ($13.45) and a 52 week 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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