Schaeffler (FRA:SHA) received a €10.50 ($12.21) price target from equities researchers at JPMorgan Chase & Co. in a report issued on Wednesday. The firm currently has a “sell” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 14.63% from the company’s current price.

A number of other analysts also recently issued reports on the company. Warburg Research set a €16.00 ($18.60) target price on Schaeffler and gave the company a “buy” rating in a research report on Thursday, November 1st. UBS Group set a €10.00 ($11.63) target price on Schaeffler and gave the company a “sell” rating in a research report on Wednesday, October 31st. Kepler Capital Markets set a €16.50 ($19.19) target price on Schaeffler and gave the company a “buy” rating in a research report on Wednesday, October 31st. Credit Suisse Group set a €17.00 ($19.77) target price on Schaeffler and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, DZ Bank reaffirmed a “buy” rating on shares of Schaeffler in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Schaeffler currently has an average rating of “Hold” and a consensus target price of €13.79 ($16.04).

Shares of FRA:SHA traded down €0.14 ($0.16) during midday trading on Wednesday, reaching €9.16 ($10.65). The company had a trading volume of 1,133,782 shares. Schaeffler has a 1-year low of €11.30 ($13.14) and a 1-year 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.

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Analyst Recommendations for Schaeffler (FRA:SHA)

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