JPMorgan Chase & Co. set a €7.30 ($8.49) price target on Schaeffler (FRA:SHA) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
SHA has been the subject of a number of other reports. Bank of America set a €5.40 ($6.28) price objective on Schaeffler and gave the company a sell rating in a report on Friday, August 23rd. Morgan Stanley set a €9.00 ($10.47) price target on Schaeffler and gave the company a neutral rating in a report on Friday, September 13th. Kepler Capital Markets set a €8.70 ($10.12) price target on Schaeffler and gave the company a buy rating in a report on Thursday, September 12th. Warburg Research set a €7.80 ($9.07) price target on Schaeffler and gave the company a neutral rating in a report on Thursday, September 12th. Finally, HSBC set a €9.00 ($10.47) price target on Schaeffler and gave the company a buy rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of €8.51 ($9.90).
Shares of FRA SHA opened at €7.59 ($8.82) on Monday. The business has a fifty day moving average of €6.51 and a two-hundred day moving average of €6.95. 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.
See Also: Earnings Per Share
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