Warburg Research Reiterates €12.00 Price Target for Schaeffler (FRA:SHA)

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Warburg Research set a €12.00 ($13.95) price objective on Schaeffler (FRA:SHA) in a research note released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on SHA. Bank of America set a €5.60 ($6.51) price target on shares of Schaeffler and gave the company a sell rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. set a €11.00 ($12.79) price target on shares of Schaeffler and gave the company a buy rating in a research report on Monday. Pareto Securities set a €8.40 ($9.77) target price on shares of Schaeffler and gave the stock a neutral rating in a research report on Friday, October 18th. Jefferies Financial Group set a €9.00 ($10.47) target price on shares of Schaeffler and gave the stock a neutral rating in a research report on Tuesday, January 21st. Finally, Kepler Capital Markets set a €10.00 ($11.63) target price on shares of Schaeffler and gave the stock a neutral rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Schaeffler has a consensus rating of Hold and a consensus price target of €8.89 ($10.33).

Shares of SHA stock opened at €9.50 ($11.05) on Monday. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47). The firm has a fifty day simple moving average of €9.49 and a two-hundred day simple moving average of €8.32.

Schaeffler Company Profile

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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