Analysts Set Schaeffler AG (SHA) Price Target at $15.01
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Shares of Schaeffler AG (FRA:SHA) have earned an average rating of ¡°Hold¡± from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. 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. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is €15.01 ($17.65).
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A number of analysts recently issued reports on SHA shares. Morgan Stanley set a €15.00 ($17.65) price target on Schaeffler and gave the stock a ¡°neutral¡± rating in a research report on Tuesday, June 26th. Nord/LB set a €13.50 ($15.88) price target on Schaeffler and gave the stock a ¡°neutral¡± rating in a research report on Wednesday, May 16th. Goldman Sachs Group set a €15.70 ($18.47) price target on Schaeffler and gave the stock a ¡°neutral¡± rating in a research report on Monday, May 14th. Citigroup set a €14.00 ($16.47) price target on Schaeffler and gave the stock a ¡°neutral¡± rating in a research report on Monday, July 16th. Finally, equinet set a €14.30 ($16.82) price target on Schaeffler and gave the stock a ¡°buy¡± rating in a research report on Tuesday, May 8th.
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Shares of FRA SHA traded up €0.27 ($0.32) during trading on Friday, hitting €11.03 ($12.98). The company had a trading volume of 966,922 shares. Schaeffler has a 52 week low of €11.30 ($13.29) and a 52 week high of €16.74 ($19.69).
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About Schaeffler
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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.<br />
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22 Aug,2018
