Kepler Capital Markets Reiterates “€16.50” Price Target for Schaeffler (SHA)

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Kepler Capital Markets set a €16.50 ($19.19) price objective on Schaeffler (FRA:SHA) in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.

SHA has been the subject of several other research reports. BNP Paribas set a €11.80 ($13.72) price objective on Schaeffler and gave the stock a neutral rating in a report on Thursday, October 4th. JPMorgan Chase & Co. set a €13.50 ($15.70) target price on Schaeffler and gave the company a neutral rating in a research note on Wednesday, October 17th. UBS Group set a €12.00 ($13.95) target price on Schaeffler and gave the company a neutral rating in a research note on Thursday, August 9th. equinet set a €14.30 ($16.63) target price on Schaeffler and gave the company a buy rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group set a €17.00 ($19.77) target price on Schaeffler and gave the company a buy rating in a research note on Friday, September 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of €13.98 ($16.26).

FRA SHA traded up €0.14 ($0.16) on Wednesday, hitting €9.47 ($11.01). The company’s stock had a trading volume of 809,566 shares. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47).

About Schaeffler

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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