Schaeffler (FRA:SHA) has been assigned a €7.50 ($8.72) target price by stock analysts at JPMorgan Chase & Co. in a report released on Monday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 17.08% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. UBS Group set a €6.00 ($6.98) price objective on shares of Schaeffler and gave the company a “sell” rating in a research note on Monday, May 27th. HSBC set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Bank of America set a €6.80 ($7.91) price objective on shares of Schaeffler and gave the company a “sell” rating in a research note on Tuesday, May 14th. DZ Bank reiterated a “buy” rating on shares of Schaeffler in a research note on Friday, May 10th. Finally, Credit Suisse Group set a €10.50 ($12.21) price target on shares of Schaeffler and gave the company a “buy” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of €9.42 ($10.96).
Schaeffler stock opened at €6.41 ($7.45) on Monday. Schaeffler has a 1-year low of €11.30 ($13.14) and a 1-year high of €16.74 ($19.47).
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.
Further Reading: LIBOR
Receive News & Ratings for Schaeffler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schaeffler and related companies with MarketBeat.com's FREE daily email newsletter.