Schaeffler (SHA) Receives Buy Rating from DZ Bank
Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group set a €12.00 ($13.95) target price on Schaeffler and gave the stock a neutral rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. set a €12.60 ($14.65) target price on Schaeffler and gave the stock a sell rating in a research report on Tuesday, August 7th. UBS Group set a €10.00 ($11.63) target price on Schaeffler and gave the stock a sell rating in a research report on Thursday, September 6th. Credit Suisse Group set a €17.00 ($19.77) target price on Schaeffler and gave the stock a buy rating in a research report on Monday, August 13th. Finally, equinet set a €14.30 ($16.63) target price on Schaeffler and gave the stock a buy rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €14.69 ($17.08).
FRA:SHA opened at €10.72 ($12.47) on Tuesday. 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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