Schaeffler (SHA) PT Set at €9.00 by Sanford C. Bernstein
Schaeffler (FRA:SHA) received a €9.00 ($10.47) price target from equities researchers at Sanford C. Bernstein in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 23.42% from the company’s current price.
SHA has been the topic of a number of other reports. Credit Suisse Group set a €17.00 ($19.77) price target on Schaeffler and gave the stock a “buy” rating in a research note on Friday, September 28th. equinet set a €13.20 ($15.35) price target on Schaeffler and gave the stock a “buy” rating in a research note on Monday, October 29th. Morgan Stanley set a €10.50 ($12.21) price target on Schaeffler and gave the stock a “neutral” rating in a research note on Tuesday, November 13th. JPMorgan Chase & Co. set a €10.50 ($12.21) price target on Schaeffler and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Finally, Nord/LB set a €8.50 ($9.88) price target on Schaeffler and gave the stock a “neutral” rating in a research note on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €11.36 ($13.21).
FRA:SHA opened at €7.29 ($8.48) on Wednesday. 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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