Schaeffler (FRA:SHA – Get Rating) has been assigned a €6.00 ($6.45) price target by investment analysts at Jefferies Financial Group in a research note issued on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s target price points to a potential downside of 2.91% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Morgan Stanley set a €6.40 ($6.88) price objective on Schaeffler in a report on Thursday, April 7th. Credit Suisse Group set a €6.00 ($6.45) price objective on Schaeffler in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft set a €9.00 ($9.68) price objective on Schaeffler in a report on Wednesday, March 9th. Warburg Research set a €6.30 ($6.77) price objective on Schaeffler in a report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. set a €7.50 ($8.06) target price on Schaeffler in a report on Monday, May 16th.
SHA stock opened at €6.18 ($6.65) on Tuesday. Schaeffler has a 12-month low of €11.30 ($12.15) and a 12-month high of €16.74 ($18.00). The business’s 50-day moving average is €5.55 and its 200 day moving average is €6.30.
Schaeffler AG, together with its subsidiaries, 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.
- CrowdStrike earnings and revenue beat forecasts, stock falls
- Ryder System, Inc: The Most Interesting Play In Logistics
- This Isn’t A Buyable Bottom For Stocks
- Macys Stock is Ready to Buy
- First Solar Stock is Ready to Shine
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.