Schaeffler AG (FRA:SHA) Given Consensus Rating of “Hold” by Analysts

Shares of Schaeffler AG (FRA:SHA) have been assigned an average rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is €7.51 ($8.44).

A number of equities research analysts have commented on SHA shares. Warburg Research set a €10.00 ($11.24) price objective on shares of Schaeffler and gave the stock a “buy” rating in a report on Wednesday, May 6th. Deutsche Bank set a €6.00 ($6.74) target price on shares of Schaeffler and gave the company a “neutral” rating in a research report on Thursday, May 7th. Nord/LB set a €6.00 ($6.74) target price on shares of Schaeffler and gave the company a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley set a €6.25 ($7.02) target price on shares of Schaeffler and gave the company a “sell” rating in a research report on Friday, May 29th. Finally, DZ Bank restated a “buy” rating on shares of Schaeffler in a research report on Tuesday, July 7th.

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

Schaeffler 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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Analyst Recommendations for Schaeffler (FRA:SHA)

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