Other analysts have also issued research reports about the stock. Oddo Bhf set a €15.50 ($18.02) price objective on shares of Schaeffler and gave the stock a buy rating in a research report on Thursday, August 9th. DZ Bank reissued a buy rating on shares of Schaeffler in a research report on Wednesday, August 8th. UBS Group set a €12.00 ($13.95) price objective on shares of Schaeffler and gave the stock a neutral rating in a research report on Friday, August 24th. Berenberg Bank set a €12.00 ($13.95) price objective on shares of Schaeffler and gave the stock a neutral rating in a research report on Wednesday, August 22nd. Finally, Warburg Research set a €18.00 ($20.93) price objective on shares of Schaeffler and gave the stock a buy rating in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of €11.82 ($13.74).
Shares of SHA stock traded up €0.05 ($0.06) during trading on Thursday, reaching €7.42 ($8.63). The company’s stock had a trading volume of 750,210 shares. Schaeffler has a one year low of €11.30 ($13.14) and a one 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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