Schaeffler (SHA) Given a €7.50 Price Target by Nord/LB Analysts
Schaeffler (FRA:SHA) has been assigned a €7.50 ($8.72) price target by equities researchers at Nord/LB in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Nord/LB’s target price indicates a potential upside of 0.19% from the company’s current price.
A number of other research firms have also recently commented on SHA. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the company a “buy” rating in a research note on Wednesday, February 13th. Berenberg Bank set a €8.00 ($9.30) target price on Schaeffler and gave the company a “neutral” rating in a research note on Monday, February 18th. Kepler Capital Markets set a €11.50 ($13.37) target price on Schaeffler and gave the company a “buy” rating in a research note on Wednesday, March 6th. DZ Bank reaffirmed a “neutral” rating on shares of Schaeffler in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. set a €7.50 ($8.72) target price on Schaeffler and gave the company a “sell” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Schaeffler presently has an average rating of “Hold” and a consensus price target of €9.92 ($11.53).
Shares of SHA traded up €0.20 ($0.23) during mid-day trading on Wednesday, reaching €7.49 ($8.70). 727,221 shares of the company’s stock traded hands. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month 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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