UBS Group set a €7.00 ($8.14) price objective on Schaeffler (FRA:SHA) in a research note published on Friday, www.boersen-zeitung.de reports. The firm currently has a sell rating on the stock.
Several other equities research analysts have also recently commented on the company. Berenberg Bank set a €12.00 ($13.95) target price on Schaeffler and gave the company a neutral rating in a research note on Monday, September 24th. equinet set a €14.30 ($16.63) target price on Schaeffler and gave the company a buy rating in a research note on Monday, September 24th. Kepler Capital Markets set a €17.50 ($20.35) target price on Schaeffler and gave the company a buy rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. set a €13.50 ($15.70) target price on Schaeffler and gave the company a neutral rating in a research note on Wednesday, October 17th. Finally, Jefferies Financial Group set a €12.00 ($13.95) target price on Schaeffler and gave the company a neutral rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Schaeffler currently has an average rating of Hold and a consensus target price of €12.29 ($14.30).
Shares of FRA:SHA traded down €0.08 ($0.09) during trading on Friday, hitting €7.80 ($9.07). 1,072,173 shares of the company’s stock traded hands. Schaeffler has a 52 week low of €11.30 ($13.14) and a 52 week 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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