JPMorgan Chase & Co. Reiterates €10.50 Price Target for Schaeffler (SHA)

JPMorgan Chase & Co. set a €10.50 ($12.21) price target on Schaeffler (FRA:SHA) in a research note released on Wednesday morning. The brokerage currently has a sell rating on the stock.

Other research analysts have also recently issued research reports about the company. Warburg Research set a €18.00 ($20.93) price target on Schaeffler and gave the stock a buy rating in a research note on Tuesday, August 7th. Kepler Capital Markets set a €17.50 ($20.35) price target on Schaeffler and gave the stock a buy rating in a research note on Tuesday, August 7th. DZ Bank reissued a buy rating on shares of Schaeffler in a research note on Wednesday, August 8th. Oddo Bhf set a €15.50 ($18.02) price target on Schaeffler and gave the stock a buy rating in a research note on Thursday, August 9th. Finally, equinet set a €14.30 ($16.63) price target on Schaeffler and gave the stock a buy rating in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €13.26 ($15.42).

FRA:SHA opened at €8.34 ($9.70) on Wednesday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47).

Schaeffler Company Profile

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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