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

Schaeffler (FRA:SHAGet Rating) has been given a €6.00 ($6.19) price target by research analysts at Jefferies Financial Group in a report released on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s price target would suggest a potential upside of 9.19% from the stock’s current price.

Several other equities research analysts have also commented on the company. Warburg Research set a €6.30 ($6.49) price target on Schaeffler in a research note on Tuesday, May 10th. JPMorgan Chase & Co. set a €7.50 ($7.73) price target on Schaeffler in a research note on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft set a €9.00 ($9.28) price target on Schaeffler in a research note on Friday, July 8th. UBS Group set a €5.40 ($5.57) price target on Schaeffler in a research note on Thursday, July 21st. Finally, Credit Suisse Group set a €6.00 ($6.19) price target on Schaeffler in a research note on Thursday, July 21st.

Schaeffler Trading Down 3.7 %

FRA SHA opened at €5.50 ($5.66) on Thursday. The business’s 50 day moving average is €5.71 and its two-hundred day moving average is €5.80. Schaeffler has a 12-month low of €11.30 ($11.65) and a 12-month high of €16.74 ($17.26).

Schaeffler Company Profile

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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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