Industry News
Schaeffler (SHA) Given a €17.00 Price Target at Credit Suisse Group
28 Aug,2018
Credit Suisse Group set a €17.00 ($19.77) price objective on Schaeffler (FRA:SHA) in a research report report published on Monday, August 13th. The brokerage currently has a buy rating on the stock.
Several other brokerages have also weighed in on SHA. Goldman Sachs Group set a €15.70 ($18.26) target price on Schaeffler and gave the stock a neutral rating in a research report on Monday, May 14th. JPMorgan Chase & Co. set a €12.60 ($14.65) price target on Schaeffler and gave the company a sell rating in a report on Thursday, May 10th. Nord/LB set a €13.50 ($15.70) price target on Schaeffler and gave the company a neutral rating in a report on Wednesday, May 16th. Deutsche Bank set a €16.00 ($18.60) price target on Schaeffler and gave the company a neutral rating in a report on Wednesday, May 9th. Finally, Warburg Research set a €18.50 ($21.51) price target on Schaeffler and gave the company a buy rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of €14.79 ($17.19).
Shares of SHA traded up €0.31 ($0.36) during trading hours on Monday, hitting €11.68 ($13.58). The stock had a trading volume of 672,553 shares. Schaeffler has a 12-month low of €11.30 ($13.14) and a 12-month high of €16.74 ($19.47).
About Schaeffler
Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.
