Schaeffler (FRA:SHA) received a €12.00 ($14.81) target price from investment analysts at UBS Group in a report released on Monday, www.boersen-zeitung.de reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price points to a potential downside of 7.62% from the company’s previous close.
A number of other brokerages also recently commented on SHA. Morgan Stanley set a €15.50 ($19.14) price target on shares of Schaeffler and gave the stock a “neutral” rating in a report on Thursday, January 11th. Citigroup set a €14.90 ($18.40) price target on shares of Schaeffler and gave the stock a “neutral” rating in a report on Monday, January 15th. Goldman Sachs Group set a €15.10 ($18.64) target price on shares of Schaeffler and gave the stock a “buy” rating in a research report on Monday, December 4th. Warburg Research set a €19.00 ($23.46) target price on shares of Schaeffler and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, DZ Bank reissued a “neutral” rating on shares of Schaeffler in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of €15.19 ($18.76).
Schaeffler (FRA:SHA) traded down €0.09 ($0.11) during trading on Monday, hitting €13.02 ($16.07). The stock had a trading volume of 7,631 shares. Schaeffler has a 12 month low of €11.30 ($13.95) and a 12 month high of €16.74 ($20.67). The firm has a market cap of $2,160.00 and a PE ratio of 8.86.
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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