Schaeffler AG (FRA:SHA) Receives Average Recommendation of “Hold” from Brokerages

Shares of Schaeffler AG (FRA:SHA) have been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is €7.51 ($8.44).

Several research firms have recently weighed in on SHA. Warburg Research set a €10.00 ($11.24) target price on shares of Schaeffler and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group set a €7.00 ($7.87) target price on shares of Schaeffler and gave the stock a “neutral” rating in a research report on Friday, July 10th. Citigroup set a €6.50 ($7.30) target price on shares of Schaeffler and gave the stock a “neutral” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. set a €7.50 ($8.43) target price on shares of Schaeffler and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Morgan Stanley set a €6.25 ($7.02) target price on shares of Schaeffler and gave the stock a “sell” rating in a research report on Friday, May 29th.

FRA SHA opened at €6.27 ($7.04) on Tuesday. The company’s 50 day simple moving average is €6.64 and its 200 day simple moving average is €7.16. Schaeffler has a 12 month low of €11.30 ($12.70) and a 12 month high of €16.74 ($18.81).

About Schaeffler

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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