Schaeffler (SHA) PT Set at €13.50 by JPMorgan Chase & Co.

Schaeffler (FRA:SHA) received a €13.50 ($15.70) price objective from JPMorgan Chase & Co. in a research report issued on Tuesday, October 30th. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 71.41% from the stock’s previous close.

Several other analysts have also issued reports on SHA. Citigroup set a €14.00 ($16.28) target price on Schaeffler and gave the stock a “neutral” rating in a report on Monday, July 16th. Warburg Research set a €18.00 ($20.93) price objective on Schaeffler and gave the company a “buy” rating in a research note on Wednesday, September 19th. UBS Group set a €11.50 ($13.37) price objective on Schaeffler and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Jefferies Financial Group set a €12.00 ($13.95) price objective on Schaeffler and gave the company a “neutral” rating in a research note on Monday, July 16th. Finally, Morgan Stanley set a €14.00 ($16.28) price objective on Schaeffler and gave the company a “neutral” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of €12.48 ($14.51).

SHA traded down €0.12 ($0.14) on Tuesday, hitting €7.88 ($9.16). 757,748 shares of the company were exchanged. 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.

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Analyst Recommendations for Schaeffler (FRA:SHA)

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