Sanford C. Bernstein Reiterates “€9.00” Price Target for Schaeffler (SHA)

Schaeffler (FRA:SHA) has been assigned a €9.00 ($10.47) target price by research analysts at Sanford C. Bernstein in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 13.78% from the company’s previous close.

Other analysts also recently issued reports about the company. UBS Group set a €10.00 ($11.63) price objective on Schaeffler and gave the company a “sell” rating in a report on Wednesday, September 19th. equinet set a €14.30 ($16.63) price objective on Schaeffler and gave the company a “buy” rating in a report on Monday, September 24th. Berenberg Bank set a €12.00 ($13.95) price objective on Schaeffler and gave the company a “neutral” rating in a report on Monday, September 24th. Kepler Capital Markets set a €17.50 ($20.35) price objective on Schaeffler and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, JPMorgan Chase & Co. set a €13.50 ($15.70) price objective on Schaeffler and gave the company a “neutral” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €12.10 ($14.07).

Shares of FRA:SHA traded up €0.11 ($0.13) on Monday, hitting €7.91 ($9.20). 1,532,467 shares of the company’s stock were exchanged. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47).

About Schaeffler

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.

See Also: Return on Equity (ROE)

Analyst Recommendations for Schaeffler (FRA:SHA)

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