Shares of Schaeffler AG (SHA.F) (FRA:SHA) have been assigned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is €7.36 ($8.66).
A number of equities research analysts have weighed in on SHA shares. Nord/LB set a €6.00 ($7.06) price objective on Schaeffler AG (SHA.F) and gave the company a “neutral” rating in a research note on Friday, August 7th. DZ Bank reaffirmed a “neutral” rating on shares of Schaeffler AG (SHA.F) in a report on Friday, September 11th. Warburg Research set a €10.00 ($11.76) target price on Schaeffler AG (SHA.F) and gave the stock a “buy” rating in a report on Friday, August 21st. JPMorgan Chase & Co. set a €8.00 ($9.41) target price on Schaeffler AG (SHA.F) and gave the stock a “buy” rating in a report on Thursday, October 8th. Finally, Morgan Stanley set a €4.80 ($5.65) target price on Schaeffler AG (SHA.F) and gave the stock a “sell” rating in a report on Wednesday, September 30th.
FRA SHA remained flat at $€5.72 ($6.72) during mid-day trading on Friday. The company’s stock had a trading volume of 490,213 shares. Schaeffler AG has a 12-month low of €11.30 ($13.29) and a 12-month high of €16.74 ($19.69). The firm’s fifty day simple moving average is €5.64 and its two-hundred day simple moving average is €6.20.
Schaeffler AG (SHA.F) Company Profile
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components.
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