Schaeffler (FRA:SHA) Receives Neutral Rating from DZ Bank

Schaeffler (FRA:SHA)‘s stock had its “neutral” rating reissued by DZ Bank in a research note issued to investors on Tuesday, Borsen Zeitung reports.

SHA has been the topic of several other research reports. Nord/LB set a €7.50 ($8.72) price objective on Schaeffler and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Sanford C. Bernstein set a €9.00 ($10.47) price objective on Schaeffler and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Credit Suisse Group set a €10.50 ($12.21) price objective on Schaeffler and gave the stock a “buy” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. set a €7.30 ($8.49) price objective on Schaeffler and gave the stock a “sell” rating in a report on Tuesday. Finally, UBS Group set a €6.00 ($6.98) price objective on Schaeffler and gave the stock a “sell” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €9.23 ($10.73).

Shares of SHA stock traded up €0.07 ($0.08) during mid-day trading on Tuesday, hitting €6.40 ($7.44). 406,755 shares of the stock were exchanged. The firm’s fifty day moving average price is €6.51. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month 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.

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