Schaeffler (SHA) PT Set at €9.00 by Sanford C. Bernstein
Schaeffler (FRA:SHA) has been given a €9.00 ($10.47) price objective by equities researchers at Sanford C. Bernstein in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 21.92% from the company’s previous close.
SHA has been the topic of a number of other reports. BNP Paribas set a €11.80 ($13.72) price target on Schaeffler and gave the company a “neutral” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. set a €13.50 ($15.70) price target on Schaeffler and gave the company a “neutral” rating in a report on Wednesday, October 17th. UBS Group set a €12.00 ($13.95) price target on Schaeffler and gave the company a “neutral” rating in a report on Thursday, August 9th. equinet set a €14.30 ($16.63) price target on Schaeffler and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Deutsche Bank set a €11.00 ($12.79) price target on Schaeffler and gave the company a “neutral” rating in a report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Schaeffler has a consensus rating of “Hold” and a consensus target price of €11.82 ($13.74).
Shares of FRA:SHA opened at €7.38 ($8.58) on Thursday. 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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