Schaeffler (FRA:SHA) has been assigned a €10.50 ($12.21) target price by equities researchers at HSBC in a research report issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. HSBC’s price objective points to a potential upside of 5.42% from the company’s current price.
Other analysts have also issued reports about the company. Kepler Capital Markets set a €10.50 ($12.21) target price on Schaeffler and gave the stock a “buy” rating in a report on Wednesday, November 6th. Warburg Research set a €12.00 ($13.95) price target on Schaeffler and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. set a €7.30 ($8.49) price target on Schaeffler and gave the company a “sell” rating in a research note on Tuesday, November 5th. Jefferies Financial Group set a €7.00 ($8.14) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Oddo Bhf set a €9.00 ($10.47) price objective on shares of Schaeffler and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €8.61 ($10.01).
Schaeffler stock traded up €0.13 ($0.15) during mid-day trading on Thursday, reaching €9.96 ($11.58). 427,072 shares of the company were exchanged. The company has a fifty day simple moving average of €9.29 and a 200-day simple moving average of €7.34. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month 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.
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