JPMorgan Chase & Co. Reiterates “€7.50” Price Target for Schaeffler (FRA:SHA)
JPMorgan Chase & Co. set a €7.50 ($8.72) price target on Schaeffler (FRA:SHA) in a research report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
SHA has been the topic of a number of other reports. Credit Suisse Group set a €38.00 ($44.19) price objective on Dialog Semiconductor and gave the company a buy rating in a report on Thursday, May 9th. Deutsche Bank downgraded Mitsubishi Motors from a buy rating to a hold rating in a report on Thursday, May 9th. Bank of America set a €155.00 ($180.23) target price on shares of Continental and gave the company a buy rating in a research note on Tuesday, May 14th. Kepler Capital Markets reiterated a hold rating on shares of Continental in a research note on Friday, June 28th. Finally, HSBC set a €9.00 ($10.47) target price on shares of Schaeffler and gave the company a buy rating in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €9.24 ($10.75).
FRA SHA opened at €6.42 ($7.46) on Monday. The firm’s 50 day moving average is €6.54. Schaeffler has a 1-year low of €11.30 ($13.14) and a 1-year 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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