Warburg Research set a €7.80 ($9.07) price target on Schaeffler (FRA:SHA) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other equities analysts also recently weighed in on the company. Morgan Stanley set a €10.00 ($11.63) target price on Schaeffler and gave the stock a neutral rating in a research note on Friday, April 5th. HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the stock a buy rating in a research report on Wednesday, May 22nd. Credit Suisse Group set a €10.50 ($12.21) target price on Schaeffler and gave the stock a buy rating in a research report on Thursday, May 9th. Kepler Capital Markets set a €9.50 ($11.05) target price on Schaeffler and gave the stock a buy rating in a research report on Friday, June 28th. Finally, UBS Group set a €6.00 ($6.98) target price on Schaeffler and gave the stock a sell rating in a research report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of €9.24 ($10.75).
Shares of Schaeffler stock traded down €0.18 ($0.21) on Tuesday, hitting €6.53 ($7.59). 945,502 shares of the company’s stock traded hands. Schaeffler has a 52-week low of €11.30 ($13.14) and a 52-week high of €16.74 ($19.47). The business’s 50-day simple moving average is €6.50.
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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