Schaeffler (FRA:SHA) PT Set at €12.00 by Warburg Research

Warburg Research set a €12.00 ($13.95) price objective on Schaeffler (FRA:SHA) in a report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

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SHA has been the subject of several other research reports. JPMorgan Chase & Co. set a €7.30 ($8.49) price target on Schaeffler and gave the company a sell rating in a report on Tuesday. Kepler Capital Markets set a €10.50 ($12.21) price target on Schaeffler and gave the company a buy rating in a report on Wednesday. Bank of America set a €5.60 ($6.51) price target on Schaeffler and gave the company a sell rating in a report on Tuesday, October 15th. Deutsche Bank set a €7.00 ($8.14) target price on Schaeffler and gave the stock a neutral rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group set a €7.00 ($8.14) target price on Schaeffler and gave the stock a neutral rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of €8.54 ($9.93).

Shares of Schaeffler stock opened at €9.71 ($11.29) on Wednesday. The business has a fifty day simple moving average of €7.59 and a two-hundred day simple moving average of €6.94. Schaeffler has a 1 year low of €11.30 ($13.14) and a 1 year 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.

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