UBS Group set a €12.00 ($13.95) price objective on Schaeffler (FRA:SHA) in a research note published on Friday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
A number of other analysts have also recently issued reports on the company. Berenberg Bank set a €12.00 ($13.95) price objective on Schaeffler and gave the company a neutral rating in a research report on Wednesday, August 22nd. Credit Suisse Group set a €17.00 ($19.77) price objective on Schaeffler and gave the company a buy rating in a research report on Monday, August 13th. Morgan Stanley set a €14.00 ($16.28) price objective on Schaeffler and gave the company a neutral rating in a research report on Friday, August 10th. Oddo Bhf set a €15.50 ($18.02) price objective on Schaeffler and gave the company a buy rating in a research report on Thursday, August 9th. Finally, equinet set a €14.30 ($16.63) price target on Schaeffler and gave the company a buy rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Schaeffler presently has a consensus rating of Hold and a consensus target price of €14.79 ($17.19).
SHA opened at €11.68 ($13.58) on Friday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year 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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