Several other analysts have also recently commented on SHA. JPMorgan Chase & Co. set a €12.60 ($14.65) target price on Schaeffler and gave the company a sell rating in a research report on Monday, July 9th. UBS Group set a €11.50 ($13.37) target price on Schaeffler and gave the company a neutral rating in a research report on Tuesday, July 10th. Morgan Stanley set a €15.00 ($17.44) target price on Schaeffler and gave the company a neutral rating in a research report on Thursday, July 12th. Citigroup set a €14.00 ($16.28) target price on Schaeffler and gave the company a neutral rating in a research report on Monday, July 16th. Finally, Jefferies Financial Group set a €12.00 ($13.95) target price on Schaeffler and gave the company a neutral rating in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Schaeffler presently has a consensus rating of Hold and an average target price of €13.98 ($16.26).
SHA opened at €9.69 ($11.26) on Thursday. 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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