Nord/LB Reiterates “€6.50” Price Target for Schaeffler (FRA:SHA)

Nord/LB set a €6.50 ($7.56) price objective on Schaeffler (FRA:SHA) in a report issued on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

SHA has been the topic of several other reports. HSBC set a €9.00 ($10.47) price target on shares of Schaeffler and gave the stock a buy rating in a report on Wednesday, May 22nd. Bank of America set a €6.80 ($7.91) price objective on shares of Schaeffler and gave the stock a sell rating in a research note on Tuesday, May 14th. Deutsche Bank set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the stock a neutral rating in a research note on Wednesday, August 7th. Warburg Research set a €7.80 ($9.07) price objective on shares of Schaeffler and gave the stock a neutral rating in a research note on Friday, August 9th. Finally, Credit Suisse Group set a €10.50 ($12.21) price objective on shares of Schaeffler and gave the stock a buy rating in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of €8.71 ($10.13).

FRA SHA opened at €5.82 ($6.77) on Monday. The firm’s fifty day simple moving average is €6.45 and its two-hundred day simple moving average is €7.14. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month high of €16.74 ($19.47).

About Schaeffler

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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