Deutsche Bank Analysts Give Schaeffler (FRA:SHA) a €7.00 Price Target

Deutsche Bank set a €7.00 ($8.14) price target on Schaeffler (FRA:SHA) in a report issued on Wednesday, August 7th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

SHA has been the subject of several other reports. Nord/LB set a €7.50 ($8.72) target price on Schaeffler and gave the company a neutral rating in a report on Wednesday, May 8th. UBS Group set a €6.00 ($6.98) target price on Schaeffler and gave the company a sell rating in a report on Tuesday, August 6th. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the company a buy rating in a report on Wednesday, May 22nd. Credit Suisse Group set a €10.50 ($12.21) target price on Schaeffler and gave the company a buy rating in a report on Thursday, May 9th. Finally, Bank of America set a €6.80 ($7.91) target price on Schaeffler and gave the company a sell rating in a report on Tuesday, May 14th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Schaeffler currently has an average rating of Hold and a consensus price target of €8.63 ($10.03).

Shares of Schaeffler stock traded down €0.16 ($0.19) during trading on Wednesday, hitting €5.93 ($6.90). The stock had a trading volume of 492,816 shares. The business has a fifty day moving average of €6.38 and a two-hundred day moving average of €7.08. Schaeffler has a fifty-two week low of €11.30 ($13.14) and a fifty-two week high of €16.74 ($19.47).

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.