UBS set a €12.00 ($14.81) price objective on Schaeffler (FRA:SHA) in a research report report published on Monday, www.boersen-zeitung.de reports. The brokerage currently has a sell rating on the stock.
Several other brokerages have also issued reports on SHA. DZ Bank reissued a neutral rating on shares of Schaeffler in a research note on Tuesday, January 23rd. Morgan Stanley set a €15.00 ($18.52) target price on shares of Schaeffler and gave the stock a neutral rating in a research note on Thursday, March 8th. Kepler Capital Markets set a €16.50 ($20.37) target price on shares of Schaeffler and gave the stock a buy rating in a research note on Monday, February 12th. Deutsche Bank reissued a neutral rating on shares of Schaeffler in a research note on Tuesday, March 13th. Finally, Warburg Research set a €18.50 ($22.84) target price on shares of Schaeffler and gave the stock a buy rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of €15.11 ($18.66).
Shares of FRA SHA opened at €12.96 ($16.00) on Monday. Schaeffler has a 12-month low of €11.30 ($13.95) and a 12-month high of €16.74 ($20.67).
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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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