Schaeffler (FRA:SHA) has been given a €7.80 ($9.07) target price by equities researchers at Warburg Research in a report released on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Warburg Research’s target price points to a potential upside of 23.97% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Nord/LB set a €7.50 ($8.72) target price on Schaeffler and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Sanford C. Bernstein set a €9.00 ($10.47) target price on Schaeffler and gave the company a “neutral” rating in a research note on Wednesday, May 8th. DZ Bank reissued a “neutral” rating on shares of Schaeffler in a research note on Tuesday. Bank of America set a €6.80 ($7.91) target price on Schaeffler and gave the company a “sell” rating in a research note on Tuesday, May 14th. Finally, Kepler Capital Markets set a €9.50 ($11.05) target price on Schaeffler and gave the company a “buy” rating in a research note on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Schaeffler presently has a consensus rating of “Hold” and a consensus price target of €9.17 ($10.66).
Shares of FRA SHA traded down €0.22 ($0.26) during midday trading on Friday, hitting €6.29 ($7.32). The stock had a trading volume of 623,177 shares. The stock has a 50-day simple moving average of €6.50. Schaeffler has a fifty-two week low of €11.30 ($13.14) and a fifty-two 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.
Further Reading: Intrinsic Value
Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.