Schaeffler (SHA) PT Set at €14.30 by equinet
Schaeffler (FRA:SHA) received a €14.30 ($16.63) price objective from stock analysts at equinet in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. equinet’s price target suggests a potential upside of 31.68% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Oddo Bhf set a €15.50 ($18.02) target price on Schaeffler and gave the stock a “buy” rating in a report on Thursday, August 9th. UBS Group set a €12.00 ($13.95) target price on Schaeffler and gave the stock a “neutral” rating in a report on Thursday, August 9th. Morgan Stanley set a €14.00 ($16.28) target price on Schaeffler and gave the stock a “neutral” rating in a report on Friday, August 10th. Deutsche Bank set a €16.00 ($18.60) target price on Schaeffler and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Finally, DZ Bank restated a “buy” rating on shares of Schaeffler in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Schaeffler has an average rating of “Hold” and an average target price of €14.63 ($17.01).
Shares of Schaeffler stock opened at €10.86 ($12.63) on Monday. 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.
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