Schaeffler AG (FRA:SHA) Given Average Recommendation of “Hold” by Analysts

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Schaeffler AG (FRA:SHA) has received a consensus rating of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is €8.51 ($9.90).

A number of equities analysts have weighed in on SHA shares. Morgan Stanley set a €9.00 ($10.47) price objective on Schaeffler and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank set a €7.00 ($8.14) price objective on Schaeffler and gave the company a “neutral” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. set a €7.30 ($8.49) price objective on Schaeffler and gave the company a “sell” rating in a research note on Monday, September 2nd. Bank of America set a €5.40 ($6.28) price objective on Schaeffler and gave the company a “sell” rating in a research note on Friday, August 23rd. Finally, HSBC set a €9.00 ($10.47) price objective on Schaeffler and gave the company a “buy” rating in a research note on Tuesday.

Shares of FRA SHA traded up €0.38 ($0.44) during trading on Friday, reaching €7.70 ($8.96). 1,495,186 shares of the company traded hands. The firm’s fifty day simple moving average is €6.40 and its 200 day simple moving average is €6.96. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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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Analyst Recommendations for Schaeffler (FRA:SHA)

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