Other equities analysts also recently issued research reports about the company. Jefferies Financial Group set a €8.00 ($9.30) target price on Schaeffler and gave the company a neutral rating in a research report on Tuesday, December 4th. UBS Group set a €7.00 ($8.14) target price on Schaeffler and gave the company a sell rating in a research report on Friday, November 23rd. Morgan Stanley set a €10.50 ($12.21) target price on Schaeffler and gave the company a neutral rating in a research report on Thursday, December 6th. DZ Bank reissued a buy rating on shares of Schaeffler in a research report on Wednesday, January 2nd. Finally, HSBC set a €9.00 ($10.47) target price on Schaeffler and gave the company a buy rating in a research report on Wednesday, February 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Schaeffler presently has a consensus rating of Hold and an average price target of €10.11 ($11.76).
FRA:SHA opened at €7.98 ($9.28) on Monday. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year high of €16.74 ($19.47).
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.
Read More: Leveraged Buyout (LBO)
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