Schaeffler (FRA:SHA) Given a €6.00 Price Target at Jefferies Financial Group

Schaeffler (FRA:SHAGet Rating) received a €6.00 ($6.19) target price from research analysts at Jefferies Financial Group in a research report issued on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s price objective indicates a potential upside of 9.19% from the company’s previous close.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft set a €9.00 ($9.28) price objective on Schaeffler in a report on Friday, July 8th. Warburg Research set a €6.30 ($6.49) price objective on Schaeffler in a report on Tuesday, May 10th. UBS Group set a €5.40 ($5.57) price objective on Schaeffler in a report on Thursday, July 21st. Credit Suisse Group set a €6.00 ($6.19) price target on Schaeffler in a report on Thursday, July 21st. Finally, Morgan Stanley set a €6.40 ($6.60) price target on Schaeffler in a report on Thursday, April 7th.

Schaeffler Stock Performance

SHA stock opened at €5.50 ($5.66) on Thursday. The business has a fifty day simple moving average of €5.71 and a 200-day simple moving average of €5.80. Schaeffler has a 52 week low of €11.30 ($11.65) and a 52 week high of €16.74 ($17.26).

About Schaeffler

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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.

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