JPMorgan Chase & Co. Analysts Give Schaeffler (FRA:SHA) a €6.20 Price Target

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JPMorgan Chase & Co. set a €6.20 ($7.21) price target on Schaeffler (FRA:SHA) in a research report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on SHA. Deutsche Bank set a €7.00 ($8.14) target price on Schaeffler and gave the stock a neutral rating in a research report on Wednesday, March 11th. HSBC set a €10.50 ($12.21) target price on Schaeffler and gave the stock a neutral rating in a research report on Thursday, December 12th. DZ Bank restated a neutral rating on shares of Schaeffler in a research report on Wednesday, March 11th. Morgan Stanley set a €8.00 ($9.30) target price on Schaeffler and gave the stock a sell rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group set a €9.00 ($10.47) target price on Schaeffler and gave the stock a neutral rating in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Schaeffler currently has an average rating of Hold and a consensus target price of €7.54 ($8.77).

Shares of FRA SHA opened at €5.60 ($6.51) on Monday. Schaeffler has a 12 month low of €11.30 ($13.14) and a 12 month high of €16.74 ($19.47). The business has a 50-day moving average of €7.62 and a 200-day moving average of €8.52.

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.

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