Schaeffler (FRA:SHA) PT Set at €9.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €9.00 ($10.59) price target on Schaeffler (FRA:SHA) in a research note published on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on SHA. Nord/LB set a €6.30 ($7.41) price objective on Schaeffler and gave the stock a sell rating in a research report on Friday, March 12th. Kepler Capital Markets set a €7.50 ($8.82) price target on Schaeffler and gave the company a neutral rating in a research report on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft set a €8.50 ($10.00) price target on Schaeffler and gave the company a neutral rating in a research report on Thursday, May 13th. Bank of America set a €8.40 ($9.88) price target on Schaeffler and gave the company a neutral rating in a research report on Friday, March 19th. Finally, Jefferies Financial Group set a €8.00 ($9.41) price target on Schaeffler and gave the company a neutral rating in a research report on Wednesday, May 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €7.65 ($8.99).

SHA stock opened at €7.42 ($8.73) on Friday. The business has a 50-day moving average of €7.77 and a 200-day moving average of €6.87. Schaeffler has a fifty-two week low of €11.30 ($13.29) and a fifty-two week high of €16.74 ($19.69).

Schaeffler Company Profile

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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Analyst Recommendations for Schaeffler (FRA:SHA)

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