Equinet set a €14.30 ($16.25) price target on Schaeffler (FRA:SHA) in a research report sent to investors on Thursday, August 9th. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. UBS Group set a €11.50 ($13.07) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, July 10th. JPMorgan Chase & Co. set a €12.60 ($14.32) price objective on shares of Schaeffler and gave the company a sell rating in a research note on Monday, July 9th. Credit Suisse Group set a €19.00 ($21.59) price objective on shares of Schaeffler and gave the company a buy rating in a research note on Wednesday, May 9th. Deutsche Bank set a €16.00 ($18.18) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Wednesday, May 9th. Finally, Jefferies Financial Group set a €12.00 ($13.64) price objective on shares of Schaeffler and gave the company a neutral rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of €14.79 ($16.80).
FRA:SHA opened at €11.79 ($13.40) on Thursday. Schaeffler has a 52 week low of €11.30 ($12.84) and a 52 week high of €16.74 ($19.02).
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.